My car is paid off. I do have some credit card debt that I'd like to pay off but my car is a little crazy. It's reliable and everything, but I'd like to have a new car. I found one that I like and I am supposed to sign the papers on Monday for it. I would only be paying about $50 extra a month but then I wouldn't get my credit card pay off very soon. I don't have a lot of extra cash in my budget so I don't know what to do. Should I pay off the debt and then get a car or what?
2007-07-14 10:59:50 · 4 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Ask yourself some questions:
- Do you NEED a new car?
- Do you NEED a new car now?
- Can you WAIT for a new car until your finances improve?
- How big are your credit card debts?
- Are you paying a large amount in interest on your card account?
- Would you feel better about having a smaller or no credit card debt, or better about having a new car and strained finances?
2007-07-14 11:08:42 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Pay off the debt THEN get the car. If you even have to ask then this is the answer. If there's no problem with your car, don't get a new one.
You'll be able to afford a better new car when you finally do get another one, if you do this.
2007-07-14 11:13:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋
As long as your current car is reliable, PAY OFF OTHER DEBTS!
You will be much happier in the long run and a lot better off financially.
2007-07-14 11:08:42 · answer #3 · answered by HATE MONSTER™ 2 · 1⤊ 0⤋
Paying off your credit card first, then buy your new car. When you do buy your new car, at least you don't have to worry about paying off your debt. One less thing to worry about. :)
2007-07-14 11:08:41 · answer #4 · answered by Rommie 7 · 1⤊ 0⤋