The collateral value on my car was $11250 before the debt downgrade, when I got my loan approved. I figured, ok, I'd get paid, pay it down.
Well, lo and behold, a debt downgrade happens and my collateral value is $10500.
WTF? My car lost value because the US Govt is now AA+ instead of AAA? At least my approval for 2.61% interest rate is good until October. I'm paying down to the $10500 and refinancing.
Jesus this is retarded. The car hasn't been driven!