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View Full Version : Tired of my car payment, what should I do?

siccjay
10-06-2005, 05:20 PM
Ok, I owe about $8,000 or so on my car (It books for about 9-10 I think). I'm paying about $300 a month. I am very tired of it, but I would rather buy a house then trade it in at the moment. I have the money to pay it off but it would be a serious dent in my &*^%* bankroll. While I am 99.9% positive I could build it back up, I'd rather not. I know trading it in (at least getting rid of it) is going to happen.

What should I do that would be the best for me in the long run?

Pay off my car now or keep paying on it until I'm ready to trade it in?
cdxx
10-06-2005, 05:22 PM
pay off half of it now. rest later.
2+2 wannabe
10-06-2005, 05:23 PM
It all depends on what bankroll you have, how much you make a month, etc. etc. I'd take as much off of the car as I possiblly could, without compromising &%)*#
siccjay
10-06-2005, 05:33 PM
I'm curious about when I go to trade it in. Will they give me enough for the car for it to be worth paying it off or just waiting to trade it in (within a year or so).
tdarko
10-06-2005, 05:36 PM
get a bike.
jba
10-06-2005, 05:41 PM
we need to know what kind of car and the interest rate that you are currently paying.
ddollevoet
10-06-2005, 05:46 PM
Pay cash for things that depreciate and borrow on things that appreciate.

Find out how much you need to close on a house and then use a good chunk of what is left over to pay down your car.
Cumulonimbus
10-06-2005, 05:46 PM
[ QUOTE ]
get a bike.

[/ QUOTE ]

Bestadviceever. I recommend a road bike, like my new one...

http://imagehost.vendio.com/bin/imageserver.x/00000000/vdubbusrider/aug16.1001.jpg
tdarko
10-06-2005, 05:48 PM
[ QUOTE ]
I recommend a road bike, like my new one...


[/ QUOTE ]
my own personal advice though, before spending a lot on a nice new shiny one...do you live near klepton? /images/graemlins/tongue.gif
Cumulonimbus
10-06-2005, 06:07 PM
[ QUOTE ]
[ QUOTE ]
I recommend a road bike, like my new one...


[/ QUOTE ]
my own personal advice though, before spending a lot on a nice new shiny one...do you live near klepton? /images/graemlins/tongue.gif

[/ QUOTE ]

Are you asking the OP??? Cuz I've never even heard of Klepton.
tdarko
10-06-2005, 06:12 PM
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Are you asking the OP??? Cuz I've never even heard of Klepton.

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i was asking the OP if he were to get a bike and since you own a bike i was also asking you.

you should know klepton.
NLSoldier
10-06-2005, 06:37 PM
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I've never even heard of Klepton.

[/ QUOTE ]

then you better be careful with that new bike of yours.
Cumulonimbus
10-06-2005, 06:43 PM
[ QUOTE ]
[ QUOTE ]
I've never even heard of Klepton.

[/ QUOTE ]

then you better be careful with that new bike of yours.

[/ QUOTE ]

I hate this forum and it's inside secrets.