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re: Need advice on whether to sell car to pay off some bills
Posted on 8/10/13 at 5:17 pm to AnonymousTiger
Posted on 8/10/13 at 5:17 pm to AnonymousTiger
If you are happy with your current vehicle, you could research refinancing it and apply the surplus amount (equity withdrawn) to your CC balances and thereby avoid the lease situation.
Posted on 8/10/13 at 5:20 pm to LSURussian
quote:
If you are happy with your current vehicle, you could research refinancing it and apply the surplus amount (equity withdrawn) to your CC balances and thereby avoid the lease situation.
I haven't looked into this yet. I will see what I can do before I make any other move.
Posted on 8/10/13 at 8:54 pm to LSURussian
quote:
If you are happy with your current vehicle, you could research refinancing it and apply the surplus amount (equity withdrawn) to your CC balances and thereby avoid the lease situation.
Do this if possible. That's assuming you are happy with the existing truck. It's the best option for what you're looking for. To keep a similar payment shouldn't extend note more than a few years.
Also, in my experience, especially on trucks, carmax will lowball the shite outta you. In cases I've got a quote from them, I sold my truck for 2x what they offered, and traded my car for $5k more.
As for leasing, they are not the devil Dave Ramsey makes them out to be. If you understand what you're getting into, they could actually be financially responsible.
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