One in four trade-ins associated with a new car or truck purchase in the fourth quarter last year was 'upside down,' ...

Also referred to as being “upside down,” it means owing more money ... and/or are financing a car, truck or SUV for 60 months or longer, especially at today’s higher interest rates.

Get a new car or truck when you owe nearly $7,000 more than the old one is worth? And it's only worse if you're trying to trade in an electric vehicle. Being upside down, if you will, leaves ...