Leasing advice on 14-18k negative equity

So you’re driving an underwater Malibu that you are negative 18k on due to rolling negative equity once before, and want to roll that negative into a Mercedes now, presumably for the badge and prestige? Makes Complete financial sense.

Will you decide next year that you want a Rolls Royce instead and wonder how you can roll 29k in negative equity next?

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Until they owe $31k on a $10k vehicle . . . oh . . . wait . . .

:bat:

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I doubt we are going to get some answers.

Obviously a troll.

If the silly decision you are talking about was rolling negative equity into your current car loan, why would you do it again?

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From another thread: “Just as long as my current loan, which is an additional 6 years.”

YIKES. So the Malibu will be paid off in 2026.

Nobody should be rolling any negative equity on any leases. I guess everyone gave you some good advise here. I wouldn’t go for an expensive car to dig a bigger hole.

Which one is it? If your finances were in order, you wouldn’t be negative 18k on 3 year old Malibu.

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Let me paraphrase:

I make 20% more now than when I made that mistake. So I’m good for a car that cost $30k more.

:bat:

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I think @Juliesilva123 gets it.

Just piling on until she responds to the basic questions I asked.

These posts pop up once a week. Each one is silly.

I was just going to say that.

These posts should just be banned. They take away all the attention from legit questions

Also: I can’t think of a single person who accepted the bitter hard truth.

TBH, I think out of the 99 people that tell them it’s a bad decision, they are all looking for the 1 person that will justify it to make them believe it’s ok.

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Same thing happens almost every time. It’s so predictable.

Typically incoherent first post with very little info provided, then in the follow ups no questions are answered and no hard numbers are given. So thread goes sideways as we all speculate. No magical answer/solution is provided because none exists, so OP never comes back and deems us all mean.

OP then opts to visit a dealer to go bury that sweet sweet negative equity. Eventually a dealer will be found that hides it with a smile and convinces OP that it’s a GREAT DEAL and everyone is happy. No numbers discussed or thought about besides monthly payment. Salesman gets a :motor_boat: payment.

My guess is that this story ends in a 96mo finance loan or a 60mo lease.

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“Asking for a friend”

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SWIM

:bat:

There’s only one answer and you all know what it is…:snowflake::red_car::cloud_with_snow:

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Always the answer.

Troll alert