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The Car

July 18th, 2010 at 11:07 pm

the credit company took my monthly payments on the Aveo down to $243 a month. I am behind June and July. I've thought about not having the car and taking the light rail, our state has one of the best transit systems in the nation, but yet how can I let go of the car? I owe $7300 still and I just wish I didn't have this extra bill each month. Cutting costs, this would be the first to go. I could save that $243 a month and buy a cheap used car. Makes sense, but why is it so hard to part ways and to acutually do it? Should I try to sell it? Should I involuntarily give it back to the bank?

1 Responses to “The Car”

  1. creditcardfree Says:

    I would definitely try to sell it before I would give it back to the bank. If you sell it for less than you owe you would need a loan or cash for the difference. I would try a credit union and let them know exactly what your intentions are with the money. They would likely send the money to your auto loan to pay that off.

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