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re: Getting Out Of A Vehicle You Are Upside Down On?

Posted on 10/24/17 at 8:05 am to
Posted by AUtigerNOLA
New Orleans, LA
Member since Apr 2011
17110 posts
Posted on 10/24/17 at 8:05 am to
quote:

He's got a truck worth $20,000 and owes $26,000


This is why you either buy the truck and keep it for the long haul or buy a truck that has a high resale value to cover yourself in case a situation like this could arise. This is why I bought a Tacoma.
Posted by AUjim
America
Member since Dec 2012
3665 posts
Posted on 10/25/17 at 3:28 pm to
quote:

This is why you either buy the truck and keep it for the long haul or buy a truck that has a high resale value to cover yourself in case a situation like this could arise. This is why I bought a Tacoma.


100%

Bought a Tacoma in November 2016 for just under 32K, taxes and all. Traded that 22 months later and got 28K trade value. I'm sure I was upside down in the very beginning, but it certainly wasn't for long.
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