Ask Unkie Trunkie!
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From: SJC
Originally Posted by bahula03,May 28 2010, 01:32 PM
How was your stay at the house?
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From: Bay Area
UnkieT,
Should I use my extra finaid money to put my car back to 100% stock and seriously pursue selling it? (will cost me about $1000-1400). I can get exactly what I owe on it--maybe $1000 less (so figure between $2000-2400 to sell worst case scenario).
This would free up a LOT of extra cash flow for a few months until I would need to think about getting another car.
Or, should I just pay off all of my debt (except the car) with the money?
I would think selling the car would be best, as it'd free my car payment's worth of cash flow that I could use to pay off my debt 10-fold faster than I am now. But, I'm not sure how long I could go car-less. And I'm also assuming I could sell it relatively fast. (could I? who knows...)
Thoughts?
Should I use my extra finaid money to put my car back to 100% stock and seriously pursue selling it? (will cost me about $1000-1400). I can get exactly what I owe on it--maybe $1000 less (so figure between $2000-2400 to sell worst case scenario).
This would free up a LOT of extra cash flow for a few months until I would need to think about getting another car.
Or, should I just pay off all of my debt (except the car) with the money?
I would think selling the car would be best, as it'd free my car payment's worth of cash flow that I could use to pay off my debt 10-fold faster than I am now. But, I'm not sure how long I could go car-less. And I'm also assuming I could sell it relatively fast. (could I? who knows...)
Thoughts?
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Joined: Apr 2002
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From: State of Confusion
How much other debt do you have? How much do you have remaining on your car loan? Monthly payments?
Keep in mind you'll have to do SOMETHING for transportation and factor that into your decision...
Keep in mind you'll have to do SOMETHING for transportation and factor that into your decision...
Thread Starter
Moderator
Joined: Sep 2004
Posts: 109,435
Likes: 1,651
From: SJC
Originally Posted by espelirS2K,Jun 6 2010, 09:05 PM
UnkieT,
Should I use my extra finaid money to put my car back to 100% stock and seriously pursue selling it? (will cost me about $1000-1400). I can get exactly what I owe on it--maybe $1000 less (so figure between $2000-2400 to sell worst case scenario).
This would free up a LOT of extra cash flow for a few months until I would need to think about getting another car.
Or, should I just pay off all of my debt (except the car) with the money?
I would think selling the car would be best, as it'd free my car payment's worth of cash flow that I could use to pay off my debt 10-fold faster than I am now. But, I'm not sure how long I could go car-less. And I'm also assuming I could sell it relatively fast. (could I? who knows...)
Thoughts?
Should I use my extra finaid money to put my car back to 100% stock and seriously pursue selling it? (will cost me about $1000-1400). I can get exactly what I owe on it--maybe $1000 less (so figure between $2000-2400 to sell worst case scenario).
This would free up a LOT of extra cash flow for a few months until I would need to think about getting another car.
Or, should I just pay off all of my debt (except the car) with the money?
I would think selling the car would be best, as it'd free my car payment's worth of cash flow that I could use to pay off my debt 10-fold faster than I am now. But, I'm not sure how long I could go car-less. And I'm also assuming I could sell it relatively fast. (could I? who knows...)
Thoughts?