Thread: Too keep it or not too keep it...That is the question.
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Old Apr 7, 2011 | 07:13 PM
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The Beep
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From: KINGWOOD TEXAS!
Default Re: Too keep it or not too keep it...That is the question.
Originally Posted by onehundred80
How much gas could you have got for the difference in payments? What about the hidden fees for changing cars.
Presumably you are now paying longer.
Run cars until they are nearly finished.
Keep or sell the Cross and reduce debt. You never want to live pay check to pay check, especially these days.
One false step and you are out your house and that is the most important asset you have if you have any equity in it.
I drive about 20k a year. The Cadillac got 23 mpg. The fusion apparently will get about 30 (haven't had a chance to calculate it yet) so the savings in fuel over a year are enormous.

All 3 cars are/were financed for 60 months. The Cadillac was used for $18K 6% intrest. The Fusion is new for $25K 2% intrest. The Cadillac traded for $10k difference after driving it for a year so I got lucky on that one (I hated the speed sensitive steering in that car btw).

There's $10k left on the XF and that loan is driving me crazy. $175 every 2 weeks. I'ld love to pay it off but the credit cards are making it very hard. It's all in all, too much intrest working against it.

All the cc balances are related to the home purchase and are steadly shrinking but it's taking forever. I need to find a way of speeding things up.
 
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