Negative equity feels like you’re trapped in a financial bear hug, but you’re not stuck forever. The most important thing you can do right now is stop ignoring the problem. It’s like that weird smell in your fridge—it only gets worse if you pretend it doesn’t exist.
Take a quick look at sites like Kelley Blue Book or NADA. Find out what your car is actually worth today. It might sting. It will probably sting. But knowing the number is your first step to freedom.
