Negative Equity
10-23-2018, 02:18 AM
#101
Same, but no wife, I'm only 56 now, all 5 kids are grown already. Also, already paid for and sold the house. I will work 16 more years.
10-23-2018, 11:53 AM
#102
10-23-2018, 12:22 PM
#103
Senior Member
if you have to make payments on the deal and find its in your comfort zone, do the deal.
If its something you want now, don't wait. Might not be here tomorrow.
If its something you want now, don't wait. Might not be here tomorrow.
The following users liked this post:
kenv47 (10-27-2018)
10-23-2018, 12:41 PM
#104
Senior Member
Sounds like you ‘want’ a limited when in reality you can’t afford one. I am a retired career banker and you are looking at committing a financial cardinal sin. Unless you put about 25% down, you’re in danger of having negative equity on any high end trim truck - without carryover debt. These are the type of financial mistakes that will haunt you for a long, long time. Financial freedom comes through making wise decisions and a bit of luck. You can’t always control the luck but you can control your financial decisions.
If you can’t control yourself here, at least get an extended warranty because you’ll own this truck a long time. Also get a Gap policy. Bad things will happen if you wreck it.
Sorry to be be tough on you, but.......
Mike
If you can’t control yourself here, at least get an extended warranty because you’ll own this truck a long time. Also get a Gap policy. Bad things will happen if you wreck it.
Sorry to be be tough on you, but.......
Mike
I would think that would be inline with your 25% on most purchases.
Many years ago we got tired of buying something, keeping it 2 or 3 years, and it being worth less than we owed on it.
Once we traded our '99 Explorer in on a 2004 Honda Accord LX and took a $500.00 loss on te deal we have never been in that situation since.
10-23-2018, 07:43 PM
#107
Large Member
wow, that guy is really dedicated to his job. he even threw out their junk mail (and mailbox) for them.
10-23-2018, 07:46 PM
#108
Senior Member
The following users liked this post:
ChiefD (10-24-2018)
10-27-2018, 04:20 PM
#110
Senior Member
Repo-man probably towed his Limited away.
The following 3 users liked this post by NASSTY: