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I owe $63,000 on an RV that's worth about $18,000 to $20,000.

How did that happen?

Well, I'm 25, and when I was about 23, I made a dumb decision and bought an RV and lived in it for about six months.

And now I've bought a house and I have nothing to do with that RV.

No, I'm saying the RV actually, you bought it for how much?

So when I bought it, it was $68,000.

How long ago?

Three years ago.

So in three years, it lost $52,000 in value.

Yes, sir.

Okay, based on what calculation, what they offered you for it at the dealer, or what the actual market value is if you try to sell it to an individual?

I've done both. I've looked at selling it on Facebook, those type of things, and nobody's willing to give over $20,000 in the RV

dealership.

The two that I've taken it to have only offered me about between 18 and 19,000.

Well, if they're willing to give you $19,000 for it, they're able to sell it for 27 somewhere. Yes, sir. They're not going to give you $19,000 for it, they're able to sell it for 27 somewhere.

Yes, sir.

They're not going to give you 19 for it when nobody is giving more than 20 for that.

So your first Facebook thing, that part of the test failed.

But we know what wholesale is because two dealers have offered you basically the same thing.

Yes, sir.

And you owe how much?

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