Updated almost 6 years ago on . Most recent reply
Should it go to Car A or Car B
Currently paying on a zero interest credit card that will soon have interest added to it, also paying on two cars that we stupidly got.
Car A has 10k of negative equity on it. We don’t want to keep this car forever and want to get rid of it when we are financially able to. We’ll get a small beater in it’s place that we can keep.
Car B only has 3.5k of negative equity on it. We like this car and want to keep it till the wheels fall off.
Both cars are 4% so our credit is good.
**Our question is, once we pay off the credit card, should the $600 we’re paying towards it go to Car A or B, explain.
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#1 All Forums Contributor
- Real Estate Consultant
- Summerlin, NV
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#1 All Forums Contributor
- Real Estate Consultant
- Summerlin, NV
just keep them both and use the 600 a month to buy some real estate.. 4% is cheap money and since your upside down that wont change.. and I take it you need two cars ?
- Jay Hinrichs
- Podcast Guest on Show #222
