“Get ready for the worst situation probably you’ve ever seen,” says a new car owner looking to get out from under his recent purchase. He’s talking to Yusuf Benallal, the co-owner of Charlotte Auto Center in North Carolina.

Benallal posts chats with customers who call in looking to sell or trade their cars on social media. As this week’s caller promised, his car loan situation is pretty much all bad news.

“You are upside-down big time.”

The caller explains that he purchased a new Hummer EV for $150,000, putting about $25,000 down. Going into the buy, though, he already had a new BMW X6 and a new Chevrolet Silverado…and a car loan for each. He wanted to trade them toward the Hummer.

Since he also had “negative equity” on those vehicles (meaning he owed more on them than their market value), he (and his financial institution) decided to roll the leftover debt into the Hummer EV loan.

The results? All told, he currently owes about $168,000. Painfully, he’s shelling out $3,300 a month.

Unfortunately, Benallal explains, the caller is already well underwater on the Hummer EV, even without the extra debt added. The wholesale value of the electric behemoth, which starts at $96K, is now about $79,000.

That means that the caller is paying a $3,300-a-month car loan with a balance that’s $90,000 more than the Hummer EV is even worth.

To add to this mess, to even sell the car and provide the title to the new owner, the caller would have to somehow come up with and pay off the difference. It’s possible to secure some form of a personal loan to pay off the balance and get out of the car loan, but this might be difficult considering the caller’s situation.

Interestingly, it sounds like the Hummer EV owner is pretty well-versed in the terrible situation he’s found himself in. To me, it’s more than a bit challenging to comprehend how someone who understands how negative equity works would even sign up for something so financially dangerous. Look, I love cars…but I also get that they’re absolutely not assets. Maybe the guy can actually comfortably afford the high-dollar payment, but sheesh.

Ultimately, it looks like the driver stays stuck with the car loan.

Benallal offers the caller the $79K, but can’t help with the gap, so the conversation ends there. Of course, some “act of God” could cause total-loss-level damage. In that case, though, we can only hope the owner has gap insurance. However, the caller might not have been offered it due to the loan circumstances.