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re: Need advice on whether to sell car to pay off some bills
Posted on 8/10/13 at 5:09 pm to AnonymousTiger
Posted on 8/10/13 at 5:09 pm to AnonymousTiger
I am a Dave Ramsey fan, and hate leases as well. If it were me I would pay off the 8K in credit, and use the other 2K and whatever money you have and buy a vehicle instead of lease.
I hate the thought of paying money for a vehicle I have to give back and get nothing for, but that's just me.
It eliminates the payment altogether and you put that money back in your pocket each month.
I hate the thought of paying money for a vehicle I have to give back and get nothing for, but that's just me.
It eliminates the payment altogether and you put that money back in your pocket each month.
2
Posted on 8/10/13 at 5:19 pm to kywildcatfanone
quote:
If it were me I would pay off the 8K in credit, and use the other 2K and whatever money you have and buy a vehicle instead of lease.
I've thought about this, but have had absolutely no luck in finding a reliable car in the $2,000 range. Seriously, it's not my pride, it is just really tough to find something in that price range that will be reliable for a few years.
Posted on 8/10/13 at 7:08 pm to kywildcatfanone
quote:
I hate the thought of paying money for a vehicle I have to give back and get nothing for, but that's just me.
If you lived in NYC and you paid for a subway pass instead of buying a car, would you think that was a bad deal? You are paying for the utilizaiton of that vehicle. In his case, it appears that leasing may be a solid option. Seems more like you just have to price the cost of using that vehicle and make a comparison.
Remember the differences in costs of maitenience and such of leased vehicles vs 2000$ craigslist vehicles that are old
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