Do you remember when driving a Hummer was cool? I don’t either. I never thought they were cool. They were the epitome of excess. They always have looked obnoxious.
Now, they are officially obnoxious. GM is considering selling the Hummer brand. Car lots are jammed with them as people try to trade them in. Most people who own them are upside down on them because they are falling in value sooooo much. Therefore, while they use to only look ridiculous, they are now officially financially ridiculous. See what happens when you buy a car that is meant to make you look cool?
Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.