Originally posted by BIG_Truck_Driver
Frances, if your payoff was 10k and 5 months later you only got 5k for the car, then you were upside down on it. If you had traded it in you would have to either payoff the diff. Or finance it. You were better off paying it off.
I understand that and I know how it all works. That's just what pisses me off. You lose money either way (unless you pay it off and keep it for longer).