What am I missing here?
Of COURSE they are upside-down in their current vehicle - they borrowed $10K ADDITIONAL dollars to buy it.
Obviously, they bailed on their first SUV a lot sooner than they should have, and now they’re paying the price.
These folks need somebody to come in and show them how to stay afloat by making sound financial decisions.
“These folks need somebody to come in and show them how to stay afloat
by making sound financial decisions.”
Like (IIRC) Steve Martin in one Saturday Night Live appearance
a couple of years ago.
The skit showed a couple sitting at their kitchen desk moaning over
their monthly bills and debt.
Then Martin appears and says “How about this? Spend less than you make.”
The couple are simple incredulous at this sort of economic crazy talk.
Hardly believing it, Martin has to repeat the message a couple of
times...and they still can hardly wrap their minds around the proposition.
It was funny but did remind me of a few people I’ve known.