A bit more info on the bank worker.
“This is the case for Sandra Rivas, who’s about $5,000 underwater on the loan for her 2018 Toyota Camry Hybrid. The 38 year old, who works for a bank in San Antonio, rolled over about $4,500 in negative equity when she exchanged her prior car for the hybrid in September 2022.”
One of my daughters has a 2007 Nissan Altima hybrid, paid off long ago. It’s her daily driver 17 years later and she has no plans of changing to another car. Says she’ll hand it over to her daughter (now 11) when she begins driving. Says if it gets her from A to B, why not keep it until it falls apart. She’s driven it across the country multiple times between California, Iowa, Kansas and Texas. She makes good money (6-figure), doesn’t like interest. Younger people than her need to live within their means.