I have this amazing car that I adore. It costs me a lot of money though (over 1/2 of my monthly wage) in repayments, insurance, petrol etc... I really want to travel but am having problems saving the money. I am still young (23) and have 3 years left on my car. Should I sell my car (I will get back what I have owing on it) and just go overseas... or should I keep my car and wait till its paid off before I travel? I am so confused.
2007-01-07 22:29:08 · 6 answers · asked by beetlechickster 2 in Cars & Transportation ➔ Buying & Selling
You can always buy another car. You may never get another opportunity to travel.
Live life for it's experiences, not for the toys! Toys can break and be gone in an instant. Memories will last a lifetime.
BTW, shelling out half of your income for a car is insane. You're paying out WAY too much. 10% is closer to reality.
2007-01-07 23:56:36 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Get rid of the car. Once you start traveling, it is addictive. You will remember your travels 10 years from now, but probably not the car. I would travel now too, who knows what will happen in a few years, travel is not likely to get easier or cheaper. Terrorism will likely cause more silly restrictions, and a few airlines will nearly go bankrupt and cause flights to cost more. As you are still young and presumable not tied to a spouse or kids, this is the time to travel.
If you like the car that much, save up a little and buy one a few years from now and pay cash for it.
2007-01-08 09:40:38 · answer #2 · answered by XUSAAAgent 5 · 0⤊ 0⤋
She is saying she can either sell the car and travel or keep the car and wait. I would say sell the car, you can buy another like it when you get back but eventually you will want to settle down and its harder to travel then.
2007-01-07 22:37:32 · answer #3 · answered by lemans81 3 · 0⤊ 0⤋
Your saying you can sell now pay out the loan and not being up-side down...SELL IT...
Why would you keep paying for a vehicle that will depreciate at the same rate your making payments...
2007-01-07 22:46:52 · answer #4 · answered by Anonymous · 0⤊ 0⤋
if you really love your car then I'd say keep paying it, you've got 3 years left, you'll still have that car when you come back from travelling and you'll love it again. you'll be 26 when you go travelling, the worlds not going anywhere so you wont miss much (well i cant really talk, i haven't been travelling yet )
2007-01-07 22:35:45 · answer #5 · answered by samwise311080 1 · 0⤊ 2⤋