On the other hand CNN had a story about a guy spending $2k per month to gas his Hummer so now he is driving a used Prius with a dent that cost him $24k. Guy goes from one extreme to another.
C. E. White turned >
>
>
>> "We see people with $10,000 in negative equity," Redfern says. "A dealer
>> does not have enough room to help the customer out of it."
>
> That's insane!
>
> I've done the calculations. I figure if - instead of commuting in my
> mid-size Avalanche at 15MPG - I inherited a small econobox that got 25MPG,
> I could potentially save about $2K/year in gas.
>
> That would be nice.
>
> However, if I were looking at replacing said Avalanche with said econobox > I
> wouldn't even think about loosing $10K in negative equity. It would take
> five years of driving the econobox just to make up for it.
>
>
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