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re: I need some advice from the financial gurus
Posted on 2/27/24 at 8:09 pm to Harlan County USA
Posted on 2/27/24 at 8:09 pm to Harlan County USA
I read his “downgrade” as going from $5,200 in debt to ~$1,200 after all exchanges.
Tahoe sale nets ~$8,800 per his estimate which goes to parents and he owes that difference. I hope I’m right in this case.
Tahoe sale nets ~$8,800 per his estimate which goes to parents and he owes that difference. I hope I’m right in this case.
1
Posted on 2/28/24 at 12:22 pm to Oenophile Brah
quote:
I read his “downgrade” as going from $5,200 in debt to ~$1,200 after all exchanges.
I'm selling the Tahoe for $14,250 but still owe $5200, so I will get $9,050 to return to my parents. I still owe my parents $950 compared to the $5,200 I owed on the Tahoe. Plus, the new vehicle has 100,000 miles less than the Tahoe. After I pay two notes to my parents for the $950, I don't have a car note for hopefully 4-5 years on the new vehicle.
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