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SVTPerformance's Chain of Restaurants
Road Side Pub
Stealership guys - inside
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<blockquote data-quote="black4vcobra" data-source="post: 15344346" data-attributes="member: 82394"><p>I'm with you on this. It is never a good idea to have negative equity on anything (much less 2 vehicles) so that means he either overpayed for the vehicles, had very little down payment, or extended the length of the loan out as far as possible - or a combination of all 3. </p><p></p><p>TS, I know you don't want the vehicles you have anymore but losing money on trading those vehicles in is an incredibly stupid financial decision. It's not like you NEED a new Explorer, so wait until you can sell/trade them for more than you owe on them - just my $.02, take it for what it's worth.</p></blockquote><p></p>
[QUOTE="black4vcobra, post: 15344346, member: 82394"] I'm with you on this. It is never a good idea to have negative equity on anything (much less 2 vehicles) so that means he either overpayed for the vehicles, had very little down payment, or extended the length of the loan out as far as possible - or a combination of all 3. TS, I know you don't want the vehicles you have anymore but losing money on trading those vehicles in is an incredibly stupid financial decision. It's not like you NEED a new Explorer, so wait until you can sell/trade them for more than you owe on them - just my $.02, take it for what it's worth. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Stealership guys - inside
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