“people they still think the car will be worth more than they owe”
Wow. People really think that?
Of course, if you keep cars ten years like we do and pay it off in four years, that does come true. We have six years with no payments and the car is worth a lot more than the remaining debt (which is obviously zero).
Yup. I hear “well I can always refinance it!”
ya, you are buying a 5 year old Hyundai with a 500 credit score. NO ONE is going to refinance it, you are lucky anyone is financing it. You sure you don’t want to look at a car you can pay cash for?