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Started By
Message
re: I paid $40k for my truck last year, it’s now worth $18k
Posted on 1/1/23 at 1:52 pm to MarlboroTiger
Posted on 1/1/23 at 1:52 pm to MarlboroTiger
How much do you think you should get in trade? Surely you knew you wouldn’t be able to get 40.
1
Posted on 1/1/23 at 1:52 pm to MarlboroTiger
Wondering why you bought a $40k used vehicle if you only planned on driving it for 1 year
This post was edited on 1/1/23 at 1:54 pm
Posted on 1/1/23 at 1:54 pm to LSUfan4444
quote:
Why are you looking to sell it?
Looking to downsize
Posted on 1/1/23 at 1:55 pm to MarlboroTiger
Give us the specs on it.
Posted on 1/1/23 at 1:55 pm to MarlboroTiger
Pro tip- the gas savings will never catch up to the loss you take
Posted on 1/1/23 at 1:55 pm to MarlboroTiger
What yr and how many miles?
A clean Tahoe would fetch good money.
A clean Tahoe would fetch good money.
Posted on 1/1/23 at 1:56 pm to East Coast Band
There are much more partially legal ways of doing this.
Buy or add GAP coverage to your auto insurance policy wait till a few days after the policy becomes effective.
Leave it parked in New Orleans East with the keys in it or drive off a cliff or the nearest waterway.
File claim with your insurance and GAP provider.
Walk away with no loan balance.
This advice is for entertainment purposes only, and should not constitute as legal or professional advice.
Signed
Lawyers of America
Buy or add GAP coverage to your auto insurance policy wait till a few days after the policy becomes effective.
Leave it parked in New Orleans East with the keys in it or drive off a cliff or the nearest waterway.
File claim with your insurance and GAP provider.
Walk away with no loan balance.
This advice is for entertainment purposes only, and should not constitute as legal or professional advice.
Signed
Lawyers of America
This post was edited on 1/1/23 at 9:02 pm
Posted on 1/1/23 at 1:56 pm to Sus-Scrofa
quote:
How much do you think you should get in trade? Surely you knew you wouldn’t be able to get 40
I thought I could get at least $28k for it
Posted on 1/1/23 at 1:56 pm to MarlboroTiger
quote:
Looking to downsize
If that was the case for me I would probably just keep it and buy a second vehicle
Posted on 1/1/23 at 1:58 pm to MarlboroTiger
quote:
Looking to downsize
Stupid. That isn’t a justified reason
Posted on 1/1/23 at 1:58 pm to MarlboroTiger
What year?
Posted on 1/1/23 at 2:00 pm to MarlboroTiger
My tacoma was worth $38k 2 months ago, $34k now..... the bottom fell out
Posted on 1/1/23 at 2:00 pm to MarlboroTiger
If you just paid it off why would you want to get another vehicle with a loan? Enjoy not having a car payment for a while
Posted on 1/1/23 at 2:02 pm to GatorPA84
quote:
This math isn’t adding up, how is it only worth 18k when you paid 40k last year?
It was only worth $25k when he bought it.
Posted on 1/1/23 at 2:03 pm to pioneerbasketball
quote:
who pays 40k for a used vehicle?
Seriously?
Posted on 1/1/23 at 2:04 pm to MarlboroTiger
quote:Did you get divorced and lose all your kids?
I bought a used Tahoe last year for $40k and have it paid off and was looking to sell it or trade it in.
What rational person* buys a Tahoe and then doesn’t need it a year later?
*If you can afford to do this, then this entire thread is moot.
A long time ago a wise person told me to minimize the number of times to buy a new vehicle. That’s probably still good fiscal advice.
Posted on 1/1/23 at 2:05 pm to MarlboroTiger
Ill give you 20k cash
Posted on 1/1/23 at 2:06 pm to MarlboroTiger
You probably bought a 20k Tahoe like an idiot and added extras and financing total being 40k lol
Posted on 1/1/23 at 2:06 pm to TDHELPCENTER
quote:
the bottom fell out
Yep. The market is crashing. People who overpaid for vehicles last year are stuck. If it’s paid off, keep it and drive it for awhile.
Posted on 1/1/23 at 2:07 pm to Robin Masters
quote:
Seriously?
yes.
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