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?

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