Comments on: How to Get Out of Your Upside Down Car https://www.moneypeach.com/how-to-get-out-of-an-upside-down-car-loan/ Clear A Path To Financial Freedom. Mon, 22 Jul 2019 04:08:06 +0000 hourly 1 https://wordpress.org/?v=6.4.5 By: Chris Peach https://www.moneypeach.com/how-to-get-out-of-an-upside-down-car-loan/#comment-444 Fri, 13 Oct 2017 16:06:53 +0000 https://www.moneypeach.com/?p=1087#comment-444 In reply to Erika.

That’s unfortunate! However, I would guess that even buying an older car than that would probably be ok if you check it over carefully before buying. Just don’t buy one that’s too old as those are the ones that usually have problems.

]]> By: Erika https://www.moneypeach.com/how-to-get-out-of-an-upside-down-car-loan/#comment-443 Thu, 12 Oct 2017 20:48:36 +0000 https://www.moneypeach.com/?p=1087#comment-443 I used to drive old cars. I enjoyed the fact i had no loan on them. The problem is they would break all the time. My 1,000 car was the worst offender. It cost me over 13,000 to fix the engine and transmission before i had had enough and sold it for 3900 leaving me still 10,000 in debt. I will never buy an old used priblem ridden car again. Instead i finance the least expensive version of a one year old newer car. It is under warranty, and the payments are always less than the payments on the credit cards i racked up trying to keep my junker running.

]]> By: Peach https://www.moneypeach.com/how-to-get-out-of-an-upside-down-car-loan/#comment-442 Fri, 06 May 2016 14:03:12 +0000 https://www.moneypeach.com/?p=1087#comment-442 In reply to Julie.

Recently during a financial coaching session, I was able to point out that there are two car payments were bigger than their house payment!

(Believe it or not, we once lived with the exact same problem)

]]> By: Julie https://www.moneypeach.com/how-to-get-out-of-an-upside-down-car-loan/#comment-441 Wed, 27 Apr 2016 15:18:44 +0000 https://www.moneypeach.com/?p=1087#comment-441 Great post! I cringe every time I counsel someone with a large car loan. I’d love to see them all disappear but in the meantime, it’s so good to see tips on lowering them a lot!

]]> By: David of the Debt Free Guys https://www.moneypeach.com/how-to-get-out-of-an-upside-down-car-loan/#comment-440 Tue, 01 Sep 2015 18:40:15 +0000 https://www.moneypeach.com/?p=1087#comment-440 Great post. We learned this the hard way with our Jetta purchased back in 2002. Alough we have now had it for 13+ years. It’s about to be retired in 2016.

So many people buy more car than they should or can afford. It’s a part of that “lifestyle to impress” rather than what is good for us.

The new car is going to be purchased with all cash! 😉

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