Re: What to do - new car too expensive now? no date: [quote author=JB45 link=topic=28056.msg272838#msg272838 date=1145777975">
I agree with the selling it privately -- I just traded mine in a month ago and took a huge hit -- fortunately it was paid for so no outstanding balance due, but I could have doubled what I got if I tried to sell it.
Jillie
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ya that's usually the way it goes on trades you might try to find someone who would be willing to take over the payments but this usually doesn't work out for the best in the long run sell it yourself if your not "upside down" in it because if you are there is obviously no way to win at all. so here's to hoping your not upside down!!!! {owe more than the car is worth}
Re: What to do - new car too expensive now? bluskygrl: Thanks for the advice. I owe about what the car is worth.
For now I am refinancing the house and car and my 401K took a hit, but in the end it should work out! If not I will seell the car in a few motnhs when I owe a little elss than it is worth.
Thanks everyone,
Blu
Re: What to do - new car too expensive now? Maximus: I agree to a private sale, and then use that cash to put a deposit on a cheaper new one.
I am about to do this next week on a new 07 Subie.
Re: What to do - new car too expensive now? bluskygrl: Thanks Max,
I think that is what I am going to do. I may just refi everything first and then see where I am at then. Like you I am very disaapointed that my ex and I made so much money and although I don't have much debt I wish I would have saved more before divorcing - though I am glad I didn't wait.
The USCG just wasn't a get rich career for him :)
Blu
