Dave Ramsey Total Money Makeover

[Guest]

I have a question about selling the car for a beater.

If you sell a car that has a loan on it, you are still responsible for paying

that loan off. So, if you sell the car and get a beater, even paying cash for

the beater, you still have the car payment for the car you no longer have. Or

am I missing something? It is not like you get the money that you are currently

paying for the car freed up to pay on your other debts.

Can someone clarify this for me if I am mistaken?

Thanks!

Herlean

— On Thu, 7/24/08, Ria wrote:

Have you considered selling your car and getting a beater car until you’ve been

able to pay down your debt?

[Author]

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