Quote:
Originally Posted by Tombstone RJ
Fantabulous! What's your car payment now? Seriously, no one should have a car payment.
Think about this homey with the new car: if you took your car payment and put it away into a savings account, you'd be able to buy a nice car for cash in a short amount of time.
JMHO of course. But I hate to see people get straddled down with bad debt.
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This is true and I have considered that route. The problem that I am having was, my old car was still worth a lot of value, (trade-in) and I also checked the increase of insurance and what not.
Basically, it's around the neighborhood of $300 a month, so it's not too terribly bad. I also made sure that I still have enough revenue after all the bills are paid off (including the car payment), and I'm still sitting pretty good.