Oklahoma Nesties
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Dave says sell the car...
Re: Dave says sell the car...
Most financial mistakes can be easily reversed. I am really glad you worked your butt off to get in the money on the car. Car debt isn't that bad (IMO), especially with a low interest rate AS LONG AS you are in the money.
I don't think, though, that driving his truck is that great of an idea given gas prices right now. Will he need a truck when he returns from China? I think you will be shocked at how expensive it is to keep the truck full of gas.
Have you considered selling both and getting a good fuel efficient car like an Elantra?
Yay! Sounds like you all have a solid financial plan. DH had a truck - he drove from Norman to N.OKC for work. The gas cost was unbelievable. I hated to get rid of it because he absolutely loved it, but geez louise. Plus, he didn't keep it clean which p!ssed me off. But that's another story.
There is a bank by my house in Norman - the parking lot becomes a used car dealership on Saturdays and Sundays - if you are finding you aren't having a ton of luck on CL, you should considering placing your car there. I have sold three cars there in the past year and they have all sold in a day. Well, the truck took three days but still - fast turnaround.
Good Luck!
I have heard the lot at Tinker is a good place to sell too.
But I hear you - we are in the process of completing a large reno of our house - all we have left is the kitchen. When discussing our reno plan, I realized pretty quickly I could get my "dream" kitchen and rather quickly if I got rid of my BMW. I sold it a week later. I used the proceeds to buy myself a Wolf dual fuel range and the amount we used to pay on the car each month is going into savings to add to our savings for the labor for the remodel. DH promised to buy me another nice car a year after the kitchen is finished but I LOVE seeing that extra amount going into our savings account each month. I have to have a good goal, though, or I am useless at saving.
I totally understand, we did the same thing and I won't ever do it again. I cannot BELIEVE we thought it was ok to spend what we did on that car. We sold it to get out of debt too, it represented most of our debt.