Free Ebook.

Enter your email address:

Delivered by FeedBurner

« Thoughts on Stewardship | Main | Another Way to Get an Incorrect Medical Bill Corrected »

August 28, 2006


Feed You can follow this conversation by subscribing to the comment feed for this post.

I did the same thing -- offered very near the true price. They accepted it, but then I made a mistake and bought an extended warrantee (headslap!) It was a waste, and added 3 months to the loan time of my car. :(

I would think the best way to save close to 50% would be to only buy cars that about 3 years old ... buying new cars has to be one of worst financial moves anyone can make ... IMHO

After searching FMF, I can't seem to find the best place to post this question, so please forgive if I just overlooked the right post.

I want to sell a car I have and purchase a different one.

The one I have now is worth $20k, I owe $10k on it and can pay it off today if I want.

The car I need to get is for a family need we now have, and I plan to pay cash for it ($17k - it is used).

My question is, how should I unload the car I have? It's worth more than the one I plan to buy, so I don't plan to trade it in. Should I pay it off and then just sell it by owner, or is there a better way financially to do this?

Thanks for any help!

The comments to this entry are closed.

Start a Blog


  • Any information shared on Free Money Finance does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give you advice that relates to your specific circumstances. You are advised to discuss your specific requirements with an independent financial adviser. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. All posts are © 2005-2012, Free Money Finance.