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Negative Equity in a car.. should I sell?
Negative Equity in a car.. should I sell? Hey all, 28 years old, was impulsive and bought an Audi. Seems to be in good condition, no problems yet. Total left on the loan is $11,500, the car's market value currently sits at around $8,500-$9000. In total the car costs me about $550 a month. ($258 payment, $150 insurance, $150 gas) Would like to get into something cheaper. Since I'm in the...
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