Quote:
Originally Posted by z2g
Thanks for the advice everyone. I only owe about $16k on the car. And, I still have my previous car, which I haven't sold yet. I could probably get about $23k-24k for my old car. So technically, I can sell my old car, pay off the balance on the X5, and still keep it. However, if I'm jobless for some time, it wouldn't make sense to keep $60k car....you know what I mean?
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Problem is that when you sell a new car that soon you usually take a financial bath on it, unless you get lucky.
If you do keep it, at least you wouldn't have any maintenance or car repair expenses, unless you had an accident or something.