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MaverickGTI t1_ja330xi wrote

Reply to comment by CheesecakeExpress in Wife unexpectedly pregnant. Just purchased a new car and it’s no longer practical. What’s the easiest / least painful way to get rid of it? by spoolinup

Try selling a 50k car right now. Yeah. It's negative equity.

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CheesecakeExpress t1_ja38wzv wrote

Not where I am, there’s a massive car shortage and people are buying up most things on the market!

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Dopeshow4 t1_ja46t5e wrote

Not in the USA.

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CheesecakeExpress t1_ja5g5ws wrote

Fair enough. But OP hasn’t said where they are based.

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Dopeshow4 t1_ja5nr36 wrote

Unless they live in a very rare place (like the US virgin islands or something) prices are dropping quickly. People typically state unique circumstances if there are vastly different from the normal persons situation. So in this case, it seem reasonable to assume this person is way underwater on this car loan.

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CheesecakeExpress t1_ja6uqoh wrote

Sorry I wasn’t clear, from their post I’m not sure if they’re in the US. They might well be, they probably are. But I don’t think it’s clear.

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