How can I afford a new car with my current loan debt?
I bought a used car last July that’s nickel and diming me and now I’m ready for a new car. Final purchase price of the car was K total, including financing interest. Sticker was about K. This first year of ownership has cost me K, including down payment and monthly payments. However, Kelly Blue Book trade in value for my vehicle right now is a miserable K. So, even if I sold my car now for K, I’d still owe about K on the loan I’d have to pay out of my own pocket. And, on top of that I’d have no car. Any help in how I might get a new car and make it work financially?
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Comment from Masho
Time May 13, 2010 at 4:46 am
The best way is if you can afford it, then buy it….if not, then save until you can. Simple and easy. Don’t be like the rest of America filing for bankruptcy, bad credit, in debt up to their ears. Quit wanting now and wait for later.