To further complicate issues, think of how many people that were stuggling to get by before gas went thru the roof.

Now imagine that you want to rethink your driving philpsophy and want to buy a civic for example, a new one.

A lot of these same people are upside down on their trades, so if you were to by a 20k civic, and had no money to cover the difference in your cars value and the balance owed on the loan, you would be unable to buy the new civic, because no bank is going to finance 125% of a cars value.

Now you are really screwed.

I imagine that insurance companies will be taking a hit very soon with all those hummers and escalades that will mysteriously wind up at the bottom of a lake.

.02

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