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re: Thinking of trading in my car

Posted on 8/24/17 at 4:50 am to
Posted by Ric Flair
Charlotte
Member since Oct 2005
13710 posts
Posted on 8/24/17 at 4:50 am to
So payments are around $430 a month? If you trade it in and get a 7k car, and are 5k upside down, that's 12k "out of pocket". I wouldn't recommend it.

How much other debt do you have? I would tighten up your monthly budget, maybe get a second job, if you are that cash strapped.
Posted by themasterpater
I travel
Member since Sep 2014
1342 posts
Posted on 8/24/17 at 5:35 am to
Not really cash strapped. And I have no other debt to speak of. Just curious if there was a smart way to go about it, that may save me $ in the long run.
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