Should I bail out of my SUV now?
May 23, 2008 8:36 AM Subscribe
Should I dump my SUV? I have a 2006 Expedition, I've only put 12,000 miles on it since I purchased it new. My commute is 12 miles round trip and I only drive it in the winter and when it rains in the spring and summer, I bike on all other days. My concern is two fold. First, I am currently under water on my loan and will have to come up with around $5,000 on a trade or private sale. Second, if I keep the vehicle am I effectively throwing good money after bad, will this vehicle be unsellable / undriveable in a few years. I know that my question requires some prognostication, but I would appreciate some opinions.