And they inadvertently make me feel better about mine.

A friend of a friend recently bought a completely base model brand new 2017 Ford Escape. Why?

Well, he had a Kia Rio. The hatchback. Like this:

He decided he wanted a Scion xB, because he had one as a company car at a former job. So, he found one as a trade-in at the local Ford dealer. Test drove it, loved it.

But...they couldn’t approve him. Why? Too much negative equity on the Kia. They couldn’t roll it over onto a loan for the Scion.

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Instead, they said if he wanted anything, he’d have to buy new. So, he took the Kia’s negative equity and rolled it into the loan for this:

Dude is starting out upside down on a totally base model Ford Escape, after being upside down on a Kia Rio for God knows how long.

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Stresses me out just to think about it!

At least I feel less silly regarding my own car loan...