Got franked over real bad yesterday.
I was on the phone with my car salesman trying to get out of my 2021 Accord Sport SE and into a 2022 Honda Accord 2.0T. Looked like it would happen without much more than $10/month more.
Then, a couple hours later, BOOM!!! I was rear-ended... with heavy damage.
Yesterday the trade-in value was $30-31k and my lease buy-out was only $24,700. So, even though the vehicle will be expertly repaired, that equity is erased because the car has been in a crash.
Poof... $5,300-$6,300 on paper- GONE IN A SECOND!
(Everyone seems to be doing well, except for my painful, contused ribs, which truly is the most important thing...)