Car Repossessions Are Exploding and It's About to Get Worse

Car repossessions are exploding in 2026, and the auto loan market is starting to look like the housing market right before it cracked. Americans are stuck with record car payments, many over a thousand dollars a month, on vehicles that are already worth less than what they owe. In this video we break down why repossessions are surging, how negative equity traps buyers in loans they can never climb out of, why subprime borrowers are defaulting first, and what the wave of repos is telling us about the real health of the American consumer. Whether you are upside down on a car loan right now or just trying to avoid the trap on your next vehicle, this breaks down what is actually happening and how to protect yourself before the repo man ever shows up. 1. How did a car payment become as expensive as a second rent payment for millions of Americans? 2. If you owe more than your car is worth, are you ever actually going to get out from under it? 3. What does a surge in repossessions tell us about where the economy is really headed? subscribe at: https://edwardseconomics.com #carrepossession #autoloans #carpayments #debt2026 Chapters: 1:01 BMW Repossessed After Missing the First Payment 2:21 Car Rented Was Repossessed 4:24 Trying to Finance a Car After Repossession 7:39 Why My Car Was Repossessed 10:57 $1,100 Car Payment Leads to Voluntary Repossession 17:13 Repossessing My Own Car From a Turo Renter 19:25 Car Repossessed While Doing DoorDash 20:24 Camera Cars Used to Repossess Cars 21:05 $50K BMW Repossessed 23:23 Ford Cars Can Now Repossess Themselves 25:17 Repossessing a Disabled Man's Van 26:26 My Car Just Got Repossessed additional tags: car repossessions exploding, millions of cars repossessed 2026, auto loan crisis 2026, subprime car loans, defaulting on car loan, what happens when your car is repossessed, how to avoid repossession, car loan negative equity, upside down on car loan, expensive car payments, car payment too high, average car payment 2026, used car prices 2026, new car prices, dealership inventory glut, auto debt bubble, car market crash, repossession wave, american consumer debt, cost of owning a car, car affordability crisis, voluntary repossession, personal finance, economy 2026, edwards economics