Quote:
Originally Posted by janaka
process
So unless you have a few grand to throw at the car becuase you are upside down (owe more than its worth), keep the car.
|
This isn't neccessarily the best decision for the OP. He needs to weigh his potential loss of selling upside down versus his ultimate savings by getting into a far less expensive car.
It's a matter of being out a few grand all at once right now, or 20 grand over the lifetime of the loan.