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      Also, remember that $3,000K worth of debt, plus the cost of a beater car and an emergency fund IN CASE of repairs is still a lot less to pay down than $15,000 worth of debt.

      — On Fri, 7/25/08, Ria wrote:

      From: Ria
      Subject: Re: : Re: Dave Ramsey Total Money Makeover
      Date: Friday, July 25, 2008, 1:23 PM

      The ideal situation would be to get more for the car than you currently owe on it.

      And you’re assuming that a beater car will need a lot of repairs, but I understand the concern. Remember, this is only temporary. It’ll allow someone to then sock away what they can aggressively, so as to get a better car down the road, hopefully in a short time.


      — On Fri, 7/25/08, Suzi McMullen wrote:

      From: Suzi McMullen
      Subject: Re: : Re: Dave Ramsey Total Money Makeover
      Date: Friday, July 25, 2008, 8:15 AM

      Well now I think that’s reallyfoolish. You end up owing 3,000 dollars for a car you don’t have anymore. And now you own a beater that’s going to break down 2 or 3 times per year. You are going to spend at least a couple grand per year on car repairs while you are still paying on the other car. Even if the repairs are small, you are putting yourself, your job and your family at great risk. No one knows where the car will break down or when. You could be on a busy highway in rush hour traffic when the beater breaks down. Been there done that. Ummm NO!


      Original Message

      From: Jessica

      To: Budget101_@yahoogro

      Sent: Thursday, July 24, 2008 3:02 PM

      Subject: Re: : Re: Dave Ramsey Total Money Makeover

      Say you owe $15k on your car and you sell it for $12k, you then owe $3k + the money you spent buying a beater. So yes, you may still owe some–but your overall debt has decreased. Does that help??

      Original Message

      From: Herlean

      Date: 7/24/2008 1:47:33 PM

      To: Budget101_@yahoogro

      Subject: Re: : Re: Dave Ramsey Total Money Makeover

      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?


      — 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?

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