sell my car?

What is your income like? It may be a bit risky to sell the car and possibly end up with something that has problems.

What is your income like? It may be a bit risky to sell the car and possibly end up with something that has problems.

-"Jon"

I make about $1,570 a month -full time job

I guess what I meant to say is can you afford to keep the car? Can you cut back in some other area to help with the car payment? Have you looked up the Kelley Blue Book value of your car? If you can sell it for more than what you owe, then it could be worth it.

Recommended links:
www.samarins.com
www.kbb.com

Hi! I'm certainly not an expert, either on cars or finances, but I have an idea. I know that my car costs me about $1000 a month, when I total it up at the end of the year. And that's for a used car, bank payments to pay for it, upkeep, gas, etc. If you live in a city where you can use public transit most of the time, I've done research and it's proven that you will save yourself THAT MUCH MONEY! Even if you rent a car for weekend trips, take cabs when you're going home late at night, it will help hugely.

That said, it's a huge lifestyle change for someone who is used to their own wheels. I use my car to travel to another city every other week, and my husband is not willing to "share" his vehicle. I know the price I'm paying for the car. I'd have to say that if I was on my own, had no family out of town, or children I had to transport to and from school, activities (although my teenager now prefers public transit to Mom's taxi service), I think I'd go car free for enough time to pay off debt. Then save enough money to buy a decent SECOND HAND CAR. New cars are highly over-rated. I did a lot of research before I bought my car, and bought an unsexy, but swell-loved ford focus station wagon that suits me perfectly. Not my dream car, but good on gas, with a good stereo and a sunroof! As someone who is uncomfortably in debt myself, I think short-term sacrifice is worth long-term peace of mind.

I'm giving up my health club membership, organic food delivery, and a cleaning lady this month and for the next forseeable future. That's about $300 a month right there. I'll be looking at other opportunities to save in the near future. Maybe you'll inspire me to use my car less, take transit, or ride my bicycle more! I'm looking for a support group to help me through this, and others in the same boat are welcome inspiration.

I already cancelled my netflix, setup an online savings account and I am reading more into using the snowball system as suggessted by Leo. I am still not sure about selling my car as I have no idea how to begin doing that and I can't try to do this on my own, I don't have support from my parents , they think it's a bad idea.

If you're lucky enough to have a church family, ask around and find out if there's anyone knowledgeable. They already know you and are probably familiar with your situation, so they can give some good advice and maybe even help you along.

Is it at all possible that a motorscooter would serve your same purpose? You can get a Honda Metropolitan new for $2000 (and not even need a license) or a Honda Elite 80 for $2300 (but you need a motorcycle license - which are easy to get, at least here in Arkansas). The former is meant for one person only, but the Elite can handle a passenger. Plus, you'd save gobs on gas.

I can imagine it's really difficult to do this without your parent's support, especially if you're living with them. Are they willing to help you with payments? :) Sometimes big issues arise that you need to think of your own life success first. I guess you have to decide whether this is one of them.

Selling a car isn't as difficult as all that. I listed mine, and ended up selling to my mechanic! I find word of mouth works the best. I don't know where you live, but here in Canada we have a kit that the Dept. of Transportation sells for $25 that gives you all the paperwork. The other option would be to trade your "new" car in at a dealership for a used one, and come away with less or no money owing.

Sounds like you're making lots of steps in the right direction. I need to read more about Leo's system, as I'm totally new to this forum! And very experienced at getting into debt! :oops: Maybe you can share some more of your ideas with me. I don't have a mortgage anymore, so don't need to worry about rent (except for a small office that costs me $250 a month).

I love the suggestion of a scooter, and had even thought of a motorcycle last year. My husband and son weren't too supportive, and we have at least 4 months where it's impossible to ride a bike. But I'm still thinking of it for next year if I can manage to save and get my debt cleared away first. Scooter is a perfect solution for inter-city riding.

Finally, I've learned that meditating or praying (depending upon your perspective) over very large decisions works like magic! Put the problem out there to the universe, and listen for an answer. Money issues are key in all aspects of our life, even (maybe especially) the spiritual.

All the best!

Is it at all possible that a motorscooter would serve your same purpose? You can get a Honda Metropolitan new for $2000 (and not even need a license) or a Honda Elite 80 for $2300 (but you need a motorcycle license - which are easy to get, at least here in Arkansas). The former is meant for one person only, but the Elite can handle a passenger. Plus, you'd save gobs on gas.

-"FekketCantenel"

Or a bicycle. More bicycle choices open up every day, and most people don't realistically need a car to get to/from work. As far as scooters go, I'm a big fan of the Honda Cub (it's the most omnipresent motorized vehicle in the world).

Personally, I walk or bicycle to work every day and have my groceries delivered. I own two cars, neither of which see a lot of use (they're more toys than anything to me).