Negative Equity
10-18-2018, 01:33 PM
#21
Large Member
because assuming the borrower doesnt default they stand to make a ****load of money off of him/her. lots of risk, but also lots of reward.
10-18-2018, 01:40 PM
#22
Not judging anything but the need for professional financial advice. Wouldn't matter if 99% or 2% were in the same boat.
I do the rental house thing and really enjoy learning about people in general. One thing holds true. Never evicted anyone who didn't leave behind an imprint on the carpet where their big screen TV sat. Never texted anyone about their late rent who didn't get the text on a nicer phone than I have.
I do the rental house thing and really enjoy learning about people in general. One thing holds true. Never evicted anyone who didn't leave behind an imprint on the carpet where their big screen TV sat. Never texted anyone about their late rent who didn't get the text on a nicer phone than I have.
10-18-2018, 03:08 PM
#23
Here is the post, which would also explain a lot about why he'd be so upside down if he didn't have a down payment or maybe went into that deal with negative equity.
https://www.f150forum.com/f3/new-ford-period-426860/
10-18-2018, 03:18 PM
#24
According to his very first post........he just got his 2018 XLT last month.
Here is the post, which would also explain a lot about why he'd be so upside down if he didn't have a down payment or maybe went into that deal with negative equity.
https://www.f150forum.com/f3/new-ford-period-426860/
Here is the post, which would also explain a lot about why he'd be so upside down if he didn't have a down payment or maybe went into that deal with negative equity.
https://www.f150forum.com/f3/new-ford-period-426860/
10-18-2018, 03:22 PM
#25
According to his very first post........he just got his 2018 XLT last month.
Here is the post, which would also explain a lot about why he'd be so upside down if he didn't have a down payment or maybe went into that deal with negative equity.
https://www.f150forum.com/f3/new-ford-period-426860/
Here is the post, which would also explain a lot about why he'd be so upside down if he didn't have a down payment or maybe went into that deal with negative equity.
https://www.f150forum.com/f3/new-ford-period-426860/
10-18-2018, 03:28 PM
#26
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
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10-18-2018, 03:41 PM
#27
The only real legit reason to take on negative equity in anything is reasons other than ‘want’.
Real good trade offer on a used vehicle? (Functionally gets rid of negative equity though even though it may not seem like it)
Needing to roll payments into a new car before inevitable bankruptcy?
Needing to offload a high mile car before taking a job that requires a lot of driving?
Problimatic vehicle you need to offload?
Going through a divorce with a gold digger wife?
Real good trade offer on a used vehicle? (Functionally gets rid of negative equity though even though it may not seem like it)
Needing to roll payments into a new car before inevitable bankruptcy?
Needing to offload a high mile car before taking a job that requires a lot of driving?
Problimatic vehicle you need to offload?
Going through a divorce with a gold digger wife?
10-18-2018, 03:50 PM
#28
Senior Member
Love the one you're with...
10-18-2018, 04:34 PM
#29
Senior Member
Join Date: Mar 2017
Location: South St. Louis county, Mo.
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I bought my 6 month old 9000mile 302a 4x4 and only financed 17k. I could of paid cash but that would have cost me more money in the long run since that money is currently earning approximately 12% . So sometimes it's better to finance.
Go upside down though.... Not me ever.
Go upside down though.... Not me ever.
10-18-2018, 04:34 PM
#30
Large Member
I have done it before, but it was about 5K, and it was done for a very practical purpose. It wasn't smart, but I kept the vehicle, and paid for my earlier transgression. In those days, I didn't have a forum full of people giving sound advice, so consider yourself lucky.
Love the one you're with...
Love the one you're with...