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You posted a thread asking for help on how to reduce your debt as quickly as possible. No one here is making you listen to everyone. Keeping your car is simply not the most efficient use of your money at this point. If you want to keep it and pay that extra 1.9% interest - go right ahead, it's your life and your budget. In the end, it may be worth it to you to have that car versus being optimal about your budget at this point. Keep the car if you want it, just keep in mind that it will cost you more.
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Jul 29, 2011 15:12
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| # ¿ May 21, 2024 12:08 |
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Berkut posted:I'm not sure if our "leave" is anything like Army leave, much less Canadian, but are you given the option of 'selling' paid vacation? Like, throwing away your saved up hours for cash payout? Never underestimate the advantage of having a maintained vehicle that you have a complete record of, not to mention a warranty on. I would argue that having that would outweigh the benefit of him selling all of his assets just to try to sell the car and find a cheap beater. Seriously, don't give up the car. Look to other ways of slimming down your budget, because you don't want to mess with your transportation. The car might have been a bad idea in retrospect, but so would be giving up a perfectly reliable vehicle and selling all of your property just to buy some uncertain beater. 1.9% is hardly a horrifying interest rate, anyway.
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Jul 30, 2011 01:00
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Leperflesh posted:Here is another opportunity to be thrifty: buy good-quality all-seasons and they'll last like three times longer than high-performance summer tires. Yes, the car won't be quite as excitingly sporty when taking corners at high speed, but you'll save hundreds of dollars. Not driving like a speed-obsessed maniac will also increase fuel efficiency, don't forget that.
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Sep 11, 2011 02:21
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Weatherman posted:Business, Finance and Careers: Sooner or later every thread turns into carchat This is hardly unreasonable. Cars are often the second largest expense after housing for most people, I'd argue.
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Sep 14, 2011 06:07
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Delta-Wye posted:And (last few years notwithstanding) they depreciate faster. Thankfully you don't get hit with penalties for "wear and tear" when you lease a home. Except when you get jerked around on the deposit, of course.
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Sep 14, 2011 07:49
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tuyop posted:That's how I get away with only spending forty bucks. I usually give people prints of photos and cheap frames.
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Nov 26, 2011 17:50
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tuyop posted:Well I will. I only consider not doing option one because I'm just tired of being miserable to get to something good. Yeah I'm young and stuff but I've hated my life and job for as long as I can remember. From my perspective it seems like I'm just extending this shittiness forever, and every few months the wait gets longer. Grin and bear it, take option 1, then go to school once you're out of the military and DEBT-FREE instead of going to school that may or may not work out for you and leave you destitute for the rest of your life with no skills. If you lose your passion for teaching over 4 measly years in the military - you didn't have that passion in the first place! At least, not the passion to do it for your entire life. Maybe you should stop to consider that before choosing your path as well. The other options aren't.
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Feb 4, 2012 23:22
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| # ¿ May 21, 2024 12:08 |
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Fraternite posted:Drop your collision and comprehensive. You'll still be covered for the damage you are responsible for to other people and things (which is the legal minimum), but your poo poo won't be covered for the damage you're responsible for. He may not be able to lose the C&C on his insurance. Loan agencies often require that protection as a condition of the loan until the car is paid off (at least in the US). Can't imagine it would be different with banks in Canada–it would be fiscally unwise to loan money to someone without requiring some form of C&C insurance.
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May 26, 2012 23:16
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