I normally never owe money on anything. But I wanted a nice truck. I normally have a jacked up jeep or Toyota. I can do all the work myself.
But last year I bought this truck for 19,000 and because I drive a lot the warranty didn't last long. And the 100th mile over warranty it started. Everything that could go wrong went wrong. I have $1,700 in parts in this blown up engine. And I owe 18,000 because after taxes it was more and after a $4,000 dollar warranty...
I think if if I replace the engine and get a good warrant on a new engine I can turn around and sell it for $22,000
But and I'll be ok with taking a $2,500 loss.
I'll just go back to paying cash for cars