Money Matters
ktnicole
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
New- Selling a car
We are on week 3 of FPU, with heavy debt. DH and I have struggled with being happy and content with what we have- but are finally together on this.
We have just under 60k in auto loans (!!) Both 2012 vehicles bought brand new (why!). We want to sell and get into something much cheaper. We don't have the cash for a new purchase outright.
WWMMD?
We have just under 60k in auto loans (!!) Both 2012 vehicles bought brand new (why!). We want to sell and get into something much cheaper. We don't have the cash for a new purchase outright.
WWMMD?
Re: New- Selling a car
Since I drive my vehicles into the ground and average roughly 20,000 miles a year, I buy 15k cars that I drive 10 or so years. My wife puts roughly 10,000 miles a year on her car so she buys used, trying to get vehicles with less than 40k and drives them until they are falling apart, which for American made cars are roughly 100,000 miles.
We haven't made it to the debt snowball conversation and although I understand it, I don't know when we will have all debt paid off.
Do you have some liquid cash you could use for cheaper cars or substantial dps on them? Do you think you'll profit at all from selling your cars? Kudos to you for dealing with this head on, btw. You will be thrilled to ditch these payments!
What I'm not sure of-maybe someone else is-is if you sell a car for a loss, can you keep making payments to the creditor or do they need a lump sum payment at that time?