Hey everybody, and welcome back to your Debt Podcast. My name is Jay Fleischman, and thank you for staying subscribed. To all of our new listeners out there, who seem to be coming on board by leaps and bounds, thanks for joining us, and why don't you take a look at our show notes page at debtpodcast.com to take a look at some of the archive shows. Lots of great information out there folks.

So what we're going to do today is some listener Q&A. We've got some questions in the mailbag, and then we're going to head right on over to our daily resolution helper and today's resolution helper's topic is a real interesting one. I think that those of you who heat your own homes or your own apartments are really going to enjoy it. But first,

Now we go into the digital mailbag for a listener Q&A.

Marilyn writes in, "I bought a new car last year, which I really don't need or can comfortably afford. I obviously don't want to stop making payments since it would hurt my credit. Any ideas on the best approach to sell it? Thank you."

Well, thank you Marilyn and thanks for sending your question in to us here at the Debt Podcast. First, before I get into the specifics of the answer, anybody who's been listening to my show for a while knows my position on this. Buying a car on credit is a bad move. It's a terrible, terrible, awful investment. The car depreciates before it's even off the showroom lot, which means that you owe more than the car's worth virtually overnight. That's called being upside down in your car loan. But let's say you have financed a car, and you need to get out of the lease. And you need to look into selling it. I recommend first that you go back to the dealer you bought the car from to see if they'll take it back for resale and pay off the loan. Some dealers will take it back and automatically just pay the loan off, and they'll wait until they sell the car. Other dealers will take the car back, they'll put it on the lot, they'll market it and they'll sell it and once they get the car sold, then they'll turn around and they'll pay the car loan...
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