Why Did Carvana Send Me A Check - Do I need my car inspected? : r/carvana.

Here's what to expect at your delivery appointment: Our Advocate will call before driving to your location. The Carvana representative then asks me to text them a selfie of myself holding my drivers license and a copy of my insurance. However, like any other online business, Carvana has faced its fair share of scams and complaints over the years. The engine check light has been coming on and off for the last 2+ years. 2% and a financing fee of 17,000 dollars so they want me to pay around 44,000 dollars for 28,000 worth of financing. Feb 4, 2023 · Purchased car from neighboring state. has completed its debt restructuring with a majority of creditors agreeing to participate in the deal, slashing about $1. I purchased a 2019 genesis on 6-14-2021 and traded in a Hyundai 2006 sonata to Carvana in Raleigh, NC. I kept the line of communication with Carvana open and honest the entire time. They will usually do any and all repairs. Related Articles How will I know when my scheduled pickup or delivery is confirmed? Can I schedule an earlier delivery or pickup date than what is shown during my purchase? Why has my vehicle appointment been delayed? Once I schedule my delivery or pickup, how will I know when my order is confirmed for pickup or delivery? How soon are partner …. We'll always give you our strongest offer based on your vehicle details and current market conditions. When you find a vehicle you like, click “Get Started” to begin the purchase process. You can accept and keep the car or send it back in 7 days. Only one out of every 20 cars evaluated gets approved. The rep told me that if I did so, the scheduled delivery date would be pushed back and I would have to place the order again which wasn't an option. 33r7770012g1 Yep my car was just listed with one key. I want to trade it in to them for another car. It's the most straightforward way. 77 billion in the last reported quarter, representing a year-over-year change of -18. To be fair, when you submit the mileage you must be accurate. The big swings continued for Carvana ( NYSE: CVNA) on Wednesday, with investors pushing shares back up 15. Related Articles How does registration work? What if I move shortly after receiving my Carvana vehicle? Am I able to register my vehicle in a different state than my delivery address? May I transfer my specialty/vanity plate if Carvana is processing my registration? May I request a specialty/vanity plate if Carvana is processing my registration?. But there has also been a growing number of complaints about title problems with Carvana. They sent it to a different bank, in a different state. It may be because the car was sitting around. Registering to a Different State. Related Articles Can I sell my vehicle to Carvana without buying a car from you? If my vehicle has an extended warranty, should I cancel it once I sell my car? Should I continue to make payments on my loan once I begin the process of selling my car?. They should send you an email or text message to alert you to this. There was no charge for the new plate or registration, but I did have to pay the agency's service fee of $70. Are you tired of the hassle of writing checks or dealing with cash when it comes to splitting bills or paying your friends back? Look no further than Zelle, the popular peer-to-pee. They used a picture of a BMW and represented it as a Nissan Sentra. I just spent hours over the past week trying to get a check and the lying customer service staff would not admit. You cash the check but the small print says this is a loan for 36 months at 12% interest (for example). We took it to Carvana's bank instead of ours. One day I saw a Carvana AD, and remembered they had all their stuff online, so I went to browse. Now my fiance wants a new vehicle and we found the one she wants from Carvana. To return your vehicle, contact us at 1-888-450-1232 (Mon - Sat: 8 a. Carvana has quickly become a popular option for car buyers looking for a convenient and hassle-free buying experience. Once the details of my vehicle were verified funds for the purchase were in my account 2 days later. Shares of Carvana (NYSE: CVNA) are up about 25% on Monday as the stock hits its highest level since mid-November. domino's pizza galion menu They just sent me paperwork in the app to electronically sign and submit. She has high utilization with two cards around 70%, all her other credit cards are 0% to 10% at worst. A few questions about registration, sales tax and title (Missouri) Question. I call Carvana and they tell me I need a smog, I get it that day. Short interest is incredibly high right now, so there's a good chance that the stock will continue to go up. We’ll apply the best method and begin the process after your 7-Day Money Back Guarantee, unless required otherwise. It doesn’t sell any cars that have accidents reported on their CarFax report. Now after temp tags expired Carvana says they needed another state VIN inspection since the 1st had errors. The car is cued up before being launched into a slot in the tower. It's a painless process and they come with check in hand. If you have a good history of paying bills why do they care. (NYSE: CVNA), the fastest growing used car dealer in U. I am considering selling to Carvana, just wanted to get them out and see if their on-line offer is really what they will pay. Bought 2017 Toyota Highlander 2 years ago. Some of the paperwork told me my Acura TLX was AWD but when I received the car it was FWD. 80, including accessories and an extended warranty. Browse thousands of cars that can be delivered straight to your door. Insurance companies deal with this all the time. Is there suddenly a check to go get the car detailed. Some dealerships offer in-house financing, so the process may be identical to applying for a bank loan. Customers who want to register their vehicle. Related Articles Can I sell my vehicle to Carvana without buying a car from you? If my vehicle has an extended warranty, should I cancel it once I sell my car? Should I continue to make payments on my loan once I begin the process of selling my car? How do I sell my car? How do pickup and drop-off appointments work when selling my car? See all …. Re: Carvana - Approved then day of delivery - cancels and needs more docs. You'll still need to go through the DMV to get the vehicle registered to you. If it doesn’t, simply return it. I think most people who are using the. They all lack the most important information about an used EV, the battery health! Because battery is the most important and expensive part of an EV, it largely determines the expected life span of the car and the value. Selling a car to Carvana takes less than an hour (and that includes the work you need to do online before you drop your car off, or they pick it up from you). As far as the time they pick up the vehicle, do they give you a cashiers check or just a normal check? Anyone had any bad experience with their checks going through? Also, if …. I have been in my current house for about 3 months (rent. This company has been in existence since 2012. jobs idaho falls craigslist I liked the way you buy a car from Carvana, it is easy to order a car online and they bring it to you. What does Carvana not writing a check have anything to do with the fact that you blatantly lied saying in this thread that “your Porsche was perfect, without even a ding” but in other. It’s a different story after the car has been delivered. I'm assuming they're not real interested in anything beyond a couple years old, of course. In some cases, we require a Bank Account Verification, which will need to …. What are the driver’s license requirements for my purchase and registration? ‌ ‌ ‌ ‌ ‌. They gave us a check, we soon realized that all check cashing places do not cash carvana checks & neither does Walmart. Carvana offers a touchless delivery process: Identity confirmation: The Carvana Advocate will ask you to send a selfie with your driver’s license to confirm your …. No issues, just want to know WHY we received a check from Carvana. A couple of reasons: One, there are shortages of mental health professionals in general, and particularly in certain parts of the country. If you’re looking for a lawyer to help try to resolve your title and registration issues with Carvana, Click Here to Submit Your Claim. When I did it through Carvana the quote was $3400, which wasn’t too far off from what I was expecting but with the way the market is I thought I might have gotten more. Date of experience: August 04, 2022. A lawyer will just cost you money. If you accept the quote, Carvana will then send somebody to your house to collect the vehicle. I had alaready started the process of purchasing and THANK GOD I didn't sign the contract on line. They talk about a lot of stuff, but specifically with Carvana Lucky says that Carvana pays full-wholesale price for cars with virtually 0 inspection, they just send a dude with a truck out to pick it up and then hand the check over no questions asked. They weren’t worried about the date of delivery being in the future. Once they accept your car, you have no further liability for it. Keep track of your 7-Day Money Back Guarantee by logging into your account. For example, if your car is worth more than you owe on your loan, you may consider selling it and using the funds to pay off the loan or upgrade your vehicle. Census Bureau released earlier in the day indicated sales in the auto dealer category were up 5. Beep41 claims the Carvana rep led him to believe that he could only do the test drive in the parking lot of the vending machine facility. In today’s digital age, email has become an essential form of communication. Take me out of this hell! Last month the State of Florida threatened to suspend Carvana's license to sell cars in that State, due to not processing registrations within the legal timelines. This is the wording from their website: "Like every Carvana vehicle, this vehicle has never been in a reported accident. Selling to Carvana takes very little time. All taxpayers are encouraged to set one up even if they do not have an issue. Anthony Williams bought a Ram 1500 Big Horn from Carvana on August, 20 2022. Hopefully they will make it right for you! 1. When selling, offer may be less than you can get in a private sale. I had read some articles recently about how Carvana was buying some cars for more than they cost new and since I'm. The battery would be 3 years old and ready to be replaced. If you get a pickup arranged for literally the next day then your check probably isn’t going to be ready. I filled out all of the details and necessary documentation, entered in my trade-in info, and. They were actually preparing to get me a set of templates. Carvana’s customer service is good prior to the purchase of a car. And they provide with with an …. Filling out the online information takes only a few minutes, and you receive your offer within 2 minutes. After review, they needed one additional document in which was uploaded that day. I understand why buyers gravitate towards that retailer. Related Articles When and how will my remaining balance be paid off on my trade-in vehicle? Who can I contact about incomplete payments, vehicle repossession, identity theft concerns, or disputes?. They have the resources to get the titles transferred legally. Related Articles Can I sell my vehicle to Carvana without buying a car from you? If my vehicle has an extended warranty, should I cancel it once I sell my car? Should I continue to make payments on my loan once I begin the process of selling my car? How do I sell my car? How do pickup and drop-off appointments work when selling my car? See all articles on this topic. Based on everyone's experience did you request an electronic deposit or a check handed to you at the time of picking up the car?. The interest payments are being made to 13. 4) At pickup, they finalize­ the sale quickly and make sure­ you are paid immediately. Here are the texts I have received since then (with my personal info removed):. And all dealers require proof of insurance as far as I know. I went back to my confirmation email to find the link, and when I opened it there’s a warning the the Vehicle is unavailable. Somehow, despite selling 117,564 cars in Q2 2022, Carvana still posted a $439 million loss. Processing time can vary, so please allow 30-60 days to complete. The pickup person will really appreciate it. They go by various names, such as preparation fees, documentation fees, transportation fees, etc. It’s the most straightforward way. I saved more than 1/2 by going to BOA for my loan. each year, with the largest used car dealer only commanding a 2% market share. I did actually get a bag, with tissue paper even, when I used the $20 voucher at the Carvana store. Carvana Automotive has rapidly gained popularity in recent years as an online platform for buying and selling used cars. First, when I got the car, there were major, long scratches with similar patterns. No opportunity to test drive before purchase. Found it advertised on Carvana a few weeks later selling . The truth about selling your car to Carvana. We give you 7 days to see if your car truly fits into your life. “Do not buy a car from Carvana. I plan on paying straight cash like I did before with the last one. They are paying off the $3k loan and they gave me the remaining $5k. At this point file a complaint with the CFPB for Bridgecrest also Contact your state attorney and ask if you can file a complaint or report them (both Bridgecrest and Carvana) Check to see if your state has its own consumer protection division and report them there. I will be recommending Carvana to all of my friends and family. At most OEM dealerships, that car wouldn't have been put on the lot with those tires. Why did they over night the documents to me Ariana told me that the $200 check Temporary tags did not appear, nor did anyone from Carvana . If required, one of our customer advocates will request that you upload the document on our website. In today’s digital world, where businesses heavily rely on technology and the internet, network bandwidth plays a critical role in ensuring smooth operations. I just sold my leased car (about 3 years old) to Carvana last week, and did another sale to its competitor Vroom late 2020. All I need to do is to walk in Enterprise to pick up the car. It seems there are multiple possible reasons for getting a check from Tesla. On Youtube, check out "Carvana in Chaos" for an opposing opinion to this article. I believe they have a check ready for you when they come to pick it up. A trade-in is when you sell your vehicle while purchasing another vehicle in the same transaction. q83 to jamaica Or finance with your bank or send cash via a secure electronic payment. The car was full of issues: from safety issues like 8 year old deteriorating tires and bent rims, mechanical issues like broken sunroof, and cosmetic issues like missing interior trim pieces and moderate front end damage etc. Recommends this It indicated that a live "advocate" would send me a text at a later time and they did. daniel gizmo lie detector From my personal experience, Carvana was awesome. I found out about Carvana through a broad search of used car listings. I had it check out by my mechanic extensively. roster builder nfl It is also where the customer reception area is located. Not all states require an annual mileage update. Carvana says they can’t remove tax reg part of the deal so they drew up a. Had you gotten a check you might have been able to get it cashed immediately. And the issue has arisen in a number of states: Derek Mundhenke in Kansas City, Missouri, bought a silver Subaru Outback from Carvana for a . ugly wojak No overhead that comes with owning physical car lots. Gone are the days of standing in long que. Take your dad and go to the bank and get the dates. If the check is lost, the bank will cancel it and re-issue. Titles and reg getting delayed for months, cars arriving with issues preventing the car from being driven, infinite pushes preventing a car from ever arriving, etc etc. I was told by my driver that trade-ins with over 100,000 miles on them went straight to auction. They must give you a title, but getting a certified copy (since the original is lost) can be a process. Carvana is an online-only used-car retailer that performs almost all the functions a physical dealer would offer: buying and selling cars, accepting trade-ins, and financing purchases. Related Articles I recently started a new job or switched jobs. Sending mail can be a hassle, especially when you need to buy postage stamps. Relieved me of the state required transfer of ownership process. Support Center Payment and Financing. Fun sidenote: no Carvana cars have ever been in an . the previous owner of a vehicle does not have to do anything besides sign the title and hand it to the new owner. Overall, great experience with Carvana in selling my vehicle, but I doubt they would have volunteered that they owed me $557. Related Articles Can I sell my vehicle to Carvana without buying a car from you? Why did I receive notice from the DMV for a car I sold to Carvana? If my vehicle has an extended warranty, should I cancel it once I sell my car? Should I continue to make payments on my loan once I begin the process of selling my car? How do pickup and drop-off …. Normally there are two parties involved in a sale. I entered the PO box where I get my mail (we don't get postal delivery in my rural area). What is the lien holder address for insurance purposes? If you are financing with Carvana, the lien holder address is Carvana LLC: PO Box 29002, Phoenix, AZ 85038. I escalated it because I cannot believe they just stop and reverse payments without communicating with their customers first, so Carvana offered to send me a small, nominal check ($100) for my troubles as a make good, but it’s been over a week and guess. The DMV can fax the letter to us at: (770) 423-7856 Or the DMV can mail the letter to: CarMax Auto Finance P. An instant cash offer thousands of dollars above the lease buyout price of a …. Gone are the days when you had to stand in long queues or send ch. All banks batch process them overnight. 1989 chevy silverado dash kits With its online platform and unique business model, Carvana a. Thanks everyone for your responses!. You have 6days to return it, and you probably will return it for a major issue. It takes a long time because once your registration is complete and the DMV sends Carvana the receipts, they are then compared to the customer's charges. When you get car unless you arnt a local delivery. Phone rings why did you send the back we need the front . In today’s fast-paced world, tracking packages has become a necessity. In today’s digital age, the need to upload and send large files has become increasingly common. One way to make someone feel special on their birthday is by sending them a birthday card. The rep came by, inspected the car, I signed a few docs, and probably within 5 minutes I had my check in hand. »» If you end up being the perfect candidate (title in your name, no-co-signer, current registration, no need for urgency or planned timeline for when you get paid), you have amazing experience. Maximum payment-to-income ratio: 25%. About Carvana (NYSE: CVNA) Founded in 2012 and based in Phoenix, Carvana’s (NYSE: CVNA) …. They will reimburse you for this test if you have to do it. The company is expecting retail units sold to increase slightly year-over-year (YOY). I was able to get ALL monies back (including the shipping fee) after I had a heated chat on the phone with a Supervisor. She said that she could have Carvana send me a $500 check instead after the 7 day warranty period was over. The following documents may be used for address verification (this list is not exhaustive): Utility Bill. A viral video on TikTok from a woman named Erin Stitt depicts the saga her and her boyfriend went through buying a 2018 Chevy Silverado Midnight Edition from Carvana, only to be stopped by six police cars and have the truck they just bought …. milwaukee tools on alibaba When obtaining new plates, Carvana will handle the registration process for you. This amount will be applied to your next purchase or refunded to you. Or, drop off your vehicle at one of their car vending machines. The governments of districts and cities can collect up to 2. As of April 15, 2024, Carvana Co had a $15. You can't negotiate with Carvana. But we were not in the clear yet. Related Articles When and how will my remaining balance be paid off on my trade-in vehicle? Who can I contact about incomplete payments, vehicle repossession, identity …. They only have extreme liability (debt), and the overpayed inventory they have now, will be liquidated by the ignorant creditors who invested in this scam. Tell me about your Carvana experiences. so Carvana offered to send me a small, nominal check ($100) for my troubles as a make good, but it's been over a week and guess what, it hasn't been. Okay , here is why !! You sold your car yesterday at 6pm , that after hours for most bank , and since you signed and carvana submitted the ACH to bank system , it will not process until next business day - yes , because transaction was made after 6pm !! And ACH will be post on your account early morning , you will get your mouneyyyy tomorrow. Either way, I apparently should receive a check from Carvana via UPS in 2-5 business days. If someone else has just begun the purchase process, a pop-up displays how long the . Ex: My spouse just got a 2013 Mini. My suggestion is to start by finding a Diminished Value Claims Adjuster in your area. Related Articles How does registration work? What if I move shortly after receiving my Carvana vehicle? Am I able to register my vehicle in a different state than my delivery address? Am I able to self-register my Carvana vehicle? May I transfer my specialty/vanity plate if Carvana is processing my registration? See all articles on this topic. GiveMeTheVin: The entire sales process can be completed online in a matter of days. All my credit union said they wanted in exchange was a copy of the purchase order which listed them as the lien holder and a copy of the title. I sold my car, got the check and went to Wells Fargo and got a cashier's check within 20 minutes. With their user-friendly website and unique car vending mac. CarMax would give me $41k while Carvana was offering me $42,780. Obviously some communication breakdown or delay between. Carvana uses a 3rd party company to handle the paperwork and I feel they overestimate to cover their self rather then potentially going back and asking the customer for more money (customer will never complain when they receive $1-200 back, but will if …. Definitely take it to a third party. It needed $5400 in repairs (per Orlando Mini) and SilverRock (through Carvana) worked with them directly to pay for everything. Luckily, if things did not pan out, we still had our offer from Carvana. I sold a car to Carvana and the check bounced, what is my next step? Carvana's check bounced, they can't give me a good reason. The bad reviews are more then any other car seller no matter what calculation you use. Carvana didn’t send the payoff check to the bank that was listed on the 10 day payoff notice. I ended up calling Carvana, and had someone try to change the date for me, but they had the same issue, with dates being in the year 2099. We'll buy your car for cash or you can trade it in. I had an offer from Carvana for ~$31,500 that was valid until 10/6. If the price adjusts, it can take a few days to get the new check. If you are absolutely certain that the bank ACH reversal is final, I would likely be inclined to do the right thing and return the check. Carvana has a large inventory of vehicles that it updates frequently. The retailer reported revenue of $2. For the obscure PPO insurances that we're not in-network with, they'll still send us the check. Yes, you need to get it inspected, and Carvana will reimburse you. Carvana, the troubled used car retailer, announced on Wednesday that it had reached a debt restructuring agreement with most of its bondholders in an effort to …. When will my $100 hold for the pre-order vehicle be refunded back to my account? The refundable $100 is treated as a temporary hold for 7 calendar days. If you wired money to a scammer, call the wire transfer company immediately to report the fraud and file a complaint. He said he thought it was strange but didn’t think about. I looked up my carvana offer last night and it's only 16. No-haggle, no-pressure environment. My friend was approved by Carvana, and she picked a vehicle, provided the identification verification, income with paystubs, and then she got a Congratulations …. I had been shopping for a while and Carvana had the car I wanted (2018 Kia Soul) at a lower price than my local dealerships. Asked in Seattle, WA | Feb 28, 2024 | 2 answers. "This is a check Carvana sent me today," Metz said, pulling the check out of a FedEx envelope. The dealership said they want to put in the new one but they think SliverRock is going to want to find a remanufactured one and if they can't find one they'll get the new one. Her overall utilization is about 33% from what I saw on her. According to my credit union, they'll receive payment from Carvana via ACH, though a Carvana rep said a check would be sent to my credit union in 7-10 days after my return is processed. On the Carvana Dashboard it doesn't mention anything about a return. So I rushed back to Carvana and found a 2017 Nissan Sentra with low mileage, and in a hurry, ordered it. As soon as I did the paperwork, I got a call from Carvana. The vehicle will have at least a half tank of fuel. Will my Carvana Financing terms change? How long are my Carvana Financing terms good for? How are my financing terms determined? If I have bad credit, can I still finance my purchase through Carvana? If I get pre-qualified through Carvana, does it impact my credit? See all articles on this topic. OP said nothing about when the report would be run. Then select your payment, upload your documents, and we’ll take care of the title and registration. Scheduled my dad's car to be picked up on Sunday. since I financed through Carvana, all I have to do is just get some necessary documents and have the title receipt on-hand after Carvana eventually gets the title and pays sales tax on your behalf (though. A week later the clutch went out. Be sure to include all four corners of the title in your pictures. I have never seen anything like this in my life. They sent a check based on their estimate. 3) Then, tell them whe­n and where to pick up your car. We’ll then leave the paperwork with a pen and keys inside the car. 5% of its publicly traded float. I went inside and deposited the check immediately which cleared with no issues. It's like the 40th percentile, still on the lower end. Carvana puts all cars through a 150 point inspection before clearing them to be sold. Q: Why did Wells Fargo just send me a check? A: Wells Fargo, headquarte­red in San Francisco, has in recent years been ordered to pay billions of dollars to millions of consumers in various settlement­s with state attorneys general, the Department of Justice and the Consumer Financial Protection Bureau, the federal agency …. Do it immediately and relentlessly push Carvana to come immediately as if they're just another corporation who won't hesitate to screw you if they need to. With their user-friendly website and unique approach to car sales, Carvana has gained popu. But viewers are getting $5 checks. Say the payoff is $20k and Carvana is offering you $15k. I wonder if it's possible to endorse the Carvana check to me to deposit into my bank account?. Selling a car to Carvana: my experience (so far) Some life changes this fall have enabled my family to go down to one car, so we opted to keep the larger vehicle and sell the smaller vehicle. However, a faulty vehicle must be returned within the next 7 days after delivery. If you want to skip reading the rest, my advice is DO NOT buy from Carvana. View community ranking In the Top 5% of largest communities on Reddit. Step 3: When in doubt, stop and let us help you. Paid of my car, Bridgecrest deleted my account and refuses to speak to me. How to avoid an upside-down car loan. I've been hounding them, asking about why it got delayed and they have nothing to say. Related Articles How is my order verified if I am financing with my own bank or credit union? What are the steps for purchasing with self-arranged financing? What are my options if I can’t afford my down payment? When is my down payment due? Can I split my down payment into multiple payments? See all articles on this topic. I had my internet provider send me a check for like a week of overpayment 1. Try not to have a confusing situation where you need to talk to someone. Carvana doesn't promise their cars have not been in an accident. Using out of state tags lets them play the multiple temp tag game. If you’re considering upgrading your current vehicle and purchasing a car through Carvana, you’re in luck. This is perfectly normal when selling a car that is upside down. Your offer from Carvana is valid for 7 days. They are offering me 3 times more than the junk yard. My experience selling to Carvana couldn't have been better, so I thought I'd post a quick review here so others who are considering doing the same know what to expect. The person who cashes the check must sign it at the time she cashes or deposits it. Make a larger down payment: Cars depreciate by around 20 percent in their first year, so a down payment of at least 20 percent of the total purchase price (including taxes and fees) can help you avoid going underwater. 1: get the transmission replaced under warranty. They probably use vantagescore for pre approval since it is a soft pull. Learn About Loan Payoff & The Online Shopping Experience @Carvana | Skip The Dealership & Buy Online @ Carvana. I had ordered a car that had $990 shipping fee. Can anyone explain what this might be and why? It was likely because you overpaid for registration. The balance was taken from my bank account the following day and I reached out to Bridgecrest with some simple questions. Therefore, any positive news, even marginal, can send the stock soaring as. Carvana uses Bridgecrest to finance it through the Carvana app. The time's I've seen lower prices than Carvana I check out the CarFax and it is SCARY. speed draw script It takes 1 to 2 business days to be deposited and as an available balance in your bank account. However they did tell me that if they need to send me another template they would. walmart miami gardens 57 ave If the business has competent accounting (which I assume Carvana does considering it is public and needs external audits by law) stuff like this always gets found eventually. kwik trip milaca Carvana then delivered a vehicle to me without features that were listed on their site. They aren't going to come back later and want money back. He drove it for a year almost to the day, when the police showed up open day and repossessed the vehicle. Carvana is stopping by tomorrow to pickup my car I am selling to them. The good news is it’s a simple fix. The auto retailer did not issue any press releases or post. The ACH occurs immediately when they pick up the car, the "48 hour" caveat they list is for your bank putting a hold on the transaction to verify it. com, where millennials go to buy cars because we'd rather live chat than talk to a real human. Not sure why so many of you are asking about the balance when the title and body indicate I'll have negative equity to pay back.