Repos Flood Hits Auction and Banks Refuse to Sell For These DUMB Reasons!

Repos Flood Hits Auction and Banks Refuse to Sell For These DUMB Reasons!
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[@jimbobaggans1564]

Lets just say you buy a brand new truck. The only trouble it's a 2023 truck. Brand new but a 2023. It's two years old! It's a pretty good deal, or so you think. It was sold to you for 2,000 dollers cheaper than a 2025 truck. But, you drive this 2023 new truck off of the lot. It instantly depreciates 10 to 15 thousand dollars. So a week later you take this same truck to the dealership to sell it. It is not only 2 years old. Remember depreciation? It's 2 years old plus the depreciation of driving off of the lot when you bought it. You have lost a staggering amount of money. This is a no win situation for you. Your best bet would be to keep this truck until the wheels fall off. Make your payments like clock work, and don't miss any. Don't let it be repossessed. Because if you do, you will have what you owe on this truck hanging over your head for many many years. So be careful signing on the dotted line.