For instance, Michael Kohan, a recent graduate of Hofstra University’s law school, decided that hundreds of dollars a month filling up his 2006 Land Rover LR3 would be better spent paying down his student loans. He calculated that his vehicle — loaded with luxuries like a navigation system, xenon lights, parking assist sensors, heated leather seats and three sunroofs — should be worth at least $31,000, according to the Kelley Blue Book.

But with a V-8 engine that gets only about 14 miles per gallon, Mr. Kohan, 24, decided to list his LR3 on eBay and Craigslist for $18,000. And yet, he told a reporter this week, “As low as I set the price, you’re the first person to call.”

Holy shit! Don't let this guy represent you. He's throwing away $13,000 when he could be using that to drive another 3 years (14 mpg, $4/gal, 15,000 mi/year).

Nothing else about the cost of the car -- insurance, maintenance, monthly payment -- has gone up. There's just no legitimate/logical/economical reason to dump it. Just suck it up that you, like Detroit, can't read the writing on the wall.

-janelane