How I Beat My Negative Equity Mistake From The Past

Why I no longer fear a past mistake

Yesterday I stopped by the dealership I purchased my car at the end of 2019. The dealership still looked as I remembered it. Costco chairs with desk occupied by guys not eager to go out in 13 degree temperatures to sale a car.

“What can I help you with today?” Said the salesman. I need to get my car appraised I said quickly as we rushed inside. He spent a few moments looking at his phone. He seemed to be a bit bothered I did not show up during my “scheduled time.” Nick the salesman spent the next 5 to 8 minutes trying to figure out what I was looking to upgrade.

I’m not here to upgrade my car. I am here to get my car appraised to see what Chevy will pay me for the vehicle. $13,999 was the offer, and after a few moments of them running my credit through every bank, they thought they could get me approved. Finally returned my keys and I was on my way

Why does this matter? When I was 21, I co-signed for a perfect friend for a Ford ranger and ended up losing that truck to my buddy, who later sold the car without my knowledge.

Next time this issue happened I purchased a new Jeep! I loved that jeep in the Virginia snow, but after one year, I wanted something different, so I went back to the dealership. I was sold a premium version of the same keep. I was over joyed but never realized “negative equity “ would come back to bite me!

Moral of the story for me is after years of making the same mistake. Yesterday I left that dealership after having my car appraised with the following joy in my heart. I learned that I could control my need to update without the hefty price tag to go along with it!

Let me know what you think?

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s