Originally Posted by InternetIsForPorn

So I got my car 3 years ago for $30k on a 7 year loan

Now this same car costs $18k - a newer model, with a better package from the same dealer.

At this point I owe them roughly $18k, meaning that my car can't be sold on the market for that price -- since you can get a new one from a dealer.

So I call up my bank, say hey people, help me out with insurance. They're losing cash either way, so I basically told them "buy me insurance or take the car away".

Now what they did was really interesting. I don't get a single word from them, not a reply on the email I sent with this official request, not a phone call.

This week I get a phone call from a law firm that say "ok, park the car there and give us your keys". Are they _REALLY_ that stupid? They will never sell the car at a profit, will lose like $10k (market value is $8k for my car) -- and all because they didn't want to help me with $1k on insurance.

I must be really not getting something here. Well, fuck them. I can now get a good ride in cash in this economy.