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Eastern NE KS | I get mixed thoughts about the phase "underwater loan". If I buy my next pickup and pay cash, my personal finances are also underwater the minute I drive off the lot. Admittedly nobody will sue because they have no standing but none the less, vehicles are utilities to help us. We have to use the machine to extract value to make the purchase pay.
If owner of a financed vehicle is mathematically 'underwater', which he/she is the minute it's driven off the lot, the owner just need to make the payments, use the vehicle and reap the envisioned value.
So what is the point of this underwater concern? Equity on a depreciating asset is myth!
Edited by Doug61 8/2/2026 09:34
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Car loans
