Ralph (Caller)

It had 230,000 miles.

And so we went and bought a nice vehicle.

It's a 2018 Chevy Equinox.

And we ended up taking payments on it.

And I think it was a stupid decision.

We both do.

And we took a very high interest rate.

um, honest, uh, for a 72 month payment period.

And, and we've got about $21,800 left to pay on that 2018 Equinox.

And we were getting tired of making payments.

That's their $450 and 97 cents a month.

And,

Um, when we took it back to the dealer to see how much we'd get, they said 14,000 and most other people we've talked to, so we can only get 16,000 out of the car.

Um, so we don't, we're kind of stuck in and, uh, in between, do we keep the car and just, I guess, enjoy our, do you make the best of our mistake or do we try and go about selling it at a loss?

It'd be a fairly significant loss.

Um,

But to be out of debt.

So that's what we're trying to figure out.

What other debt do you have?

We do have two rental properties, which we have some debt on those, but that's paid for by rental income there.