J. Money (formerly J. Savings) proved this week that there’s still a market, however small, for SUVs. He sold his Toyota Highlander for a loss after having it up for sale for weeks. The interesting part was the buyer paid $19,000 in cold, hard cash! I can’t imagine walking into a bank with a bag full of Benjamins like that.
Why did he sell? Read the article for the full story (he’s a good storyteller), but basically he wants to shed the expensive car payment and use that money to save towards paying a future car in cash. Same reason I still consider selling my Honda Ridgeline, but now I don’t have a fallback car since we’re selling the old Pontiac.