The hot new crop is diesel
Marketplace Morning Report

The hot new crop is diesel

B2Upper-intermediateOctober 22, 20266 min
  • Business & money

Farmers in the U.S. are looking for ways to save money and stay afloat. They have not been able to catch a break in the past few years — between tariff retaliation, still-climbing fertilizer prices, and record-high diesel prices. One option to boost revenue for struggling farmers: biofuel crops, which can be turned into diesel. But first, is your car underwater? If so, you're not alone. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter. Marketplace Morning Report is more than a radio show. Ch...

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and the share of underwater buyers has increased in each of the past four years. According

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Here's the thing about cars.

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0:00

The hot new crop is diesel. Plus, is your car underwater? You are not alone, my friend. From Marketplace, I'm Sabri Ben-Eshor in for Kimberly Adams. Sometimes people trade in their old cars for new ones, even though they haven't finished paying off the loan on the old car, which is fine. You just take the money you get from trading the old car in

0:24

and you pay off the loan. That only works, of course, if the car is still worth enough to pay down the loan. For about a third of people, it is not. So they're walking into their next car purchase with a debt around their necks. This is called being underwater and the share of underwater buyers has increased in each of the past four years. According

0:46

to new analysis from car buying site Edmunds, Marketplace's Henry Epp has more. Here's the thing about cars. Most vehicles will depreciate as soon as you drive them off the lot. Sam Fioreni is with AutoForecast Solutions.

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