We owed $6,800 on the vehicle at time it was sold, but we were trying to sell it for $10,500 and didn't get any real serious inquiries. After we listed it for under $9,000, we started getting serious inquiries. I think that the value of the vehicle dropped at the beginning of 2015 because it hit 10 years old in 2015 and was only 9 years old in 2014.
We ended up getting $9,700, paying off $6,800 that was due on a loan, and then keeping $2,900 in equity, which we are using to pay off some of our other debts.
What's really awesome about the the Worth Account is that it'll now tell me exactly how much and to which account I should put that equity towards. Before we sold the vehicle, the Worth Account has us being debt free in 1.8 years. After eliminating the car payment, and insurance payment, and having a little bit of equity $$ to spend, the program is now showing we only have 1.3 years left to pay off our debts with only $30k in principle payments remaining. We are getting more and more excited to be debt free and it will become a reality soon! Check out the screenshots from my actual program so you can see how this program is working for me!