4th gen Lexus LS Palm Beach Edition
Intermediate
Joined: Jan 2025
Posts: 278
Likes: 66
From: Australia
When he tries to trade in he will lose money.
If the vehicle was purchased with finance without a significant up front payment or deposit, and most are, he runs the risk of facing a "negative equity" situation or being "underwater" or "upside down", and needing to find a cash lump sum to buy his way out of the negative equity situation.
I see it all the time.
That car "has a face only a mother could love".
If the vehicle was purchased with finance without a significant up front payment or deposit, and most are, he runs the risk of facing a "negative equity" situation or being "underwater" or "upside down", and needing to find a cash lump sum to buy his way out of the negative equity situation.
I see it all the time.
That car "has a face only a mother could love".
Pole Position
Joined: Jan 2022
Posts: 3,035
Likes: 1,129
Intermediate
Joined: Jan 2025
Posts: 278
Likes: 66
From: Australia
Which mods, exactly?
Would it be an appropriate time for you to open a new thread dealing with your question, or should we be keeping to the OP's questions?
Would it be an appropriate time for you to open a new thread dealing with your question, or should we be keeping to the OP's questions?
Last edited by Leadfoot6; Aug 21, 2025 at 12:41 PM.
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socaligs
LS - 3rd Gen (2001-2006)
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Aug 1, 2021 05:16 PM