My advice to those who have one of these vehicles and don't really NEED it for the purpose it was intended, is either take the hit and get rid of it, finance the negative equity into a new loan, and get something they actually can afford to operate, using the gas savings dollars to help offset the higher payment, and get it paid for, or pay on it for 4 years, and they will at least be even on the next trade. fuel in what you want to drive.
"Finance the negative equity!"
Did he really say, "Finance the negative equity?" That is one of the many things that is wrong with our nation today!
Finance something you don't even own.IMHO that is as stupid as anything I have ever heard.
Lets buy something and pay more than what it's worth.
Then add thousands of dollars in extra's to it and charge that to the credit card.
Then when times get tough sell it for a loss and or "finance the negative equity".
Then every month make payments on that negative equity and make payment on the charge card for something you do not even posses.
That may be the new American Way but it is not mine and never will be.
Terry, we love you and Suzanne to death but due to your situation you have become what I would have to call a "Toyota Moonie", one that lives and breathes every word that giant corporation feeds you to help you sell their product. That's not the Terry I know and I am very dissappointed to think you would post about "financing negative equity" to members of this site. I'm not sure what Toyota says about the percentage of people that will believe that crap but I really think most of the member of this site are smarter than that.
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And Henry
The powerstroke only gets 17.5 mpg but you are an inspiration.
I'm going to baby it for a few day to see how much better I can do!
I doubt if I can hit your 22 but going to give it a try!
Your da man!