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Financial Dilemma

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Florida Woman Blames Husband's Electric Vehicle Purchase for $20,000 Debt Crisis
personal-finance1 year ago

Florida Woman Blames Husband's Electric Vehicle Purchase for $20,000 Debt Crisis

A Florida woman is facing financial trouble after her husband made a costly decision to purchase an electric vehicle they couldn't afford, leaving them with over $20,000 in negative equity on the auto loan. Financial expert Dave Ramsey advised them to sell the car privately for around $50,000, leaving $12,000 in negative equity to cover. He suggested taking a personal loan to settle the remaining debt, emphasizing the need to learn from their financial misstep and move forward with a more affordable vehicle.