If I owned a Tesla right now, I’d be in a bad situation. I sure as hell no longer want to be seen in one. The market for them has crashed, and nobody wants to buy one used. If I could afford a Tesla, I’d surely have insurance… I’d be rooting for somebody to set that shit on fire

  • fuckwit_mcbumcrumble@lemmy.dbzer0.com
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    21 hours ago

    That only helps you if you bought the car at the worst possible time. Outside of the first maybe year of owning a car you shouldn’t have any real appreciable negative equity. Even if the car is a massive piece of shit (and not just made by one)

    • Clent@lemmy.dbzer0.com
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      4 hours ago

      The average is 18-24 months.

      1/4 of all car loans involve negative equity.

      Well over 60% of loans are over 72 months which significantly increases the time for loans build any equity.

      But we are also talking about teslas which are being killed in the used market