If I owned a Tesla right now, I’d be in a bad situation. I sure as hell no longer want to be seen in one. The market for them has crashed, and nobody wants to buy one used. If I could afford a Tesla, I’d surely have insurance… I’d be rooting for somebody to set that shit on fire
The average is 18-24 months.
1/4 of all car loans involve negative equity.
Well over 60% of loans are over 72 months which significantly increases the time for loans build any equity.
But we are also talking about teslas which are being killed in the used market