u/Dependent-Ad-1720

So I made a dumb decision and financed a 2018 Audi q3. The car had only one prior owner who took get care of the vehicle and at the time of this post it has 56,246 miles on it.

My Monthly payment is $479 and my insurance is $300, totaling $779 a month. My total loan is $20,208 at 8.8% I’ve made the decision over the past few months to pay $600 a month towards the car instead of $479 and extra $121.

With this current set up, after all of my bills are paid I am able to save $500 a month and have $700 a month of “free money” This is a comfortable spot for me as I usually am not spending $700 a month anyways and will almost certainly have money left over from month to month.

But looking at how I’m sending $900 to the slaughter each month I’ve been thinking about selling my car.

I’m currently about $5500 dollars underwater on the loan. I could save the $5500 in about 2-3 months if I use my taxes, paychecks, and the savings that I currently have. Then I could pay the underwater difference and sell the car to free myself from the loan. This seems like a good idea but the thought of throwing 6k away and to not have the vehicle or anymore savings sucks. The good part is I would free up 900 a month going forward.

The main problem is when I look at the break down, let’s say it takes me 3 months to save the $5500. It’s April now so April, may, and June I would be saving and From July until December I could save $5400 in total once the $900 is freed.

If I keep the car and continue saving $500 a month from today until the end of the year I could save $4,000 in total AND still have the car. Also I wouldn’t have to drain my savings to do this so it’d be more like 4,000 plus what I have in savings now ~ $1500 so honestly at least $5,500

So the math is very close. One situation just has more risk when it comes to actually keeping the car. And the other frees up my flexibility to be able to spend pretty much how I want. I know if I keep the car I’d still have to factor in gas and maintenance but I will have to pay gas and maintenance regardless because I will need a car no matter what.

I have a 2015 Mazda that is fully paid off, the only problem with it is , I was in a bad accident so the car ugly but that’s about it. But that car has 155k miles and I’m not sure how much longer it will last. I would hate to spend 6k, sell my car, save $5,400 dollars and then need to spend it all again on a new car. I guess you could say well that’s only 11k instead of 20k which makes sense.

I’m just having a rough time with this. Please any helpful, USEFUL advice would be appreciated.

So I made a dumb decision and financed a 2018 Audi q3. The car had only one prior owner who took get care of the vehicle and at the time of this post it has 56,246 miles on it.

My Monthly payment is $479 and my insurance is $300, totaling $779 a month. My total loan is $20,208 at 8.8% I’ve made the decision over the past few months to pay $600 a month towards the car instead of $479 and extra $121.

With this current set up, after all of my bills are paid I am able to save $500 a month and have $700 a month of “free money” This is a comfortable spot for me as I usually am not spending $700 a month anyways and will almost certainly have money left over from month to month.

But looking at how I’m sending $900 to the slaughter each month I’ve been thinking about selling my car.

I’m currently about $5500 dollars underwater on the loan. I could save the $5500 in about 2-3 months if I use my taxes, paychecks, and the savings that I currently have. Then I could pay the underwater difference and sell the car to free myself from the loan. This seems like a good idea but the thought of throwing 6k away and to not have the vehicle or anymore savings sucks. The good part is I would free up 900 a month going forward.

The main problem is when I look at the break down, let’s say it takes me 3 months to save the $5500. It’s April now so April, may, and June I would be saving and From July until December I could save $5400 in total once the $900 is freed.

If I keep the car and continue saving $500 a month from today until the end of the year I could save $4,000 in total AND still have the car. Also I wouldn’t have to drain my savings to do this so it’d be more like 4,000 plus what I have in savings now ~ $1500 so honestly at least $5,500

So the math is very close. One situation just has more risk when it comes to actually keeping the car. And the other frees up my flexibility to be able to spend pretty much how I want. I know if I keep the car I’d still have to factor in gas and maintenance but I will have to pay gas and maintenance regardless because I will need a car no matter what.

I have a 2015 Mazda that is fully paid off, the only problem with it is , I was in a bad accident so the car ugly but that’s about it. But that car has 155k miles and I’m not sure how much longer it will last. I would hate to spend 6k, sell my car, save $5,400 dollars and then need to spend it all again on a new car. I guess you could say well that’s only 11k instead of 20k which makes sense.

I’m just having a rough time with this. Please any helpful, USEFUL advice would be appreciated.

So I made a dumb decision and financed a 2018 Audi q3. The car had only one prior owner who took get care of the vehicle and at the time of this post it has 56,246 miles on it.

My Monthly payment is $479 and my insurance is $300, totaling $779 a month. My total loan is $20,208 at 8.8% I’ve made the decision over the past few months to pay $600 a month towards the car instead of $479 and extra $121.

With this current set up, after all of my bills are paid I am able to save $500 a month and have $700 a month of “free money” This is a comfortable spot for me as I usually am not spending $700 a month anyways and will almost certainly have money left over from month to month.

But looking at how I’m sending $900 to the slaughter each month I’ve been thinking about selling my car.

I’m currently about $5500 dollars underwater on the loan. I could save the $5500 in about 2-3 months if I use my taxes, paychecks, and the savings that I currently have. Then I could pay the underwater difference and sell the car to free myself from the loan. This seems like a good idea but the thought of throwing 6k away and to not have the vehicle or anymore savings sucks. The good part is I would free up 900 a month going forward.

The main problem is when I look at the break down, let’s say it takes me 3 months to save the $5500. It’s April now so April, may, and June I would be saving and From July until December I could save $5400 in total once the $900 is freed.

If I keep the car and continue saving $500 a month from today until the end of the year I could save $4,000 in total AND still have the car. Also I wouldn’t have to drain my savings to do this so it’d be more like 4,000 plus what I have in savings now ~ $1500 so honestly at least $5,500

So the math is very close. One situation just has more risk when it comes to actually keeping the car. And the other frees up my flexibility to be able to spend pretty much how I want. I know if I keep the car I’d still have to factor in gas and maintenance but I will have to pay gas and maintenance regardless because I will need a car no matter what.

I have a 2015 Mazda that is fully paid off, the only problem with it is , I was in a bad accident so the car ugly but that’s about it. But that car has 155k miles and I’m not sure how much longer it will last. I would hate to spend 6k, sell my car, save $5,400 dollars and then need to spend it all again on a new car. I guess you could say well that’s only 11k instead of 20k which makes sense.

I’m just having a rough time with this. Please any helpful, USEFUL advice would be appreciated.

So I made a dumb decision and financed a 2018 Audi q3. The car had only one prior owner who took get care of the vehicle and at the time of this post it has 56,246 miles on it.

My Monthly payment is $479 and my insurance is $300, totaling $779 a month. My total loan is $20,208 at 8.8% I’ve made the decision over the past few months to pay $600 a month towards the car instead of $479 and extra $121.

With this current set up, after all of my bills are paid I am able to save $500 a month and have $700 a month of “free money” This is a comfortable spot for me as I usually am not spending $700 a month anyways and will almost certainly have money left over from month to month.

But looking at how I’m sending $900 to the slaughter each month I’ve been thinking about selling my car.

I’m currently about $5500 dollars underwater on the loan. I could save the $5500 in about 2-3 months if I use my taxes, paychecks, and the savings that I currently have. Then I could pay the underwater difference and sell the car to free myself from the loan. This seems like a good idea but the thought of throwing 6k away and to not have the vehicle or anymore savings sucks. The good part is I would free up 900 a month going forward.

The main problem is when I look at the break down, let’s say it takes me 3 months to save the $5500. It’s April now so April, may, and June I would be saving and From July until December I could save $5400 in total once the $900 is freed.

If I keep the car and continue saving $500 a month from today until the end of the year I could save $4,000 in total AND still have the car. Also I wouldn’t have to drain my savings to do this so it’d be more like 4,000 plus what I have in savings now ~ $1500 so honestly at least $5,500

So the math is very close. One situation just has more risk when it comes to actually keeping the car. And the other frees up my flexibility to be able to spend pretty much how I want. I know if I keep the car I’d still have to factor in gas and maintenance but I will have to pay gas and maintenance regardless because I will need a car no matter what.

I have a 2015 Mazda that is fully paid off, the only problem with it is , I was in a bad accident so the car ugly but that’s about it. But that car has 155k miles and I’m not sure how much longer it will last. I would hate to spend 6k, sell my car, save $5,400 dollars and then need to spend it all again on a new car. I guess you could say well that’s only 11k instead of 20k which makes sense.

I’m just having a rough time with this. Please any helpful, USEFUL advice would be appreciated.

So I made a dumb decision and financed a 2018 Audi q3. The car had only one prior owner who took get care of the vehicle and at the time of this post it has 56,246 miles on it.

My Monthly payment is $479 and my insurance is $300, totaling $779 a month. My total loan is $20,208 at 8.8% I’ve made the decision over the past few months to pay $600 a month towards the car instead of $479 and extra $121.

With this current set up, after all of my bills are paid I am able to save $500 a month and have $700 a month of “free money” This is a comfortable spot for me as I usually am not spending $700 a month anyways and will almost certainly have money left over from month to month.

But looking at how I’m sending $900 to the slaughter each month I’ve been thinking about selling my car.

I’m currently about $5500 dollars underwater on the loan. I could save the $5500 in about 2-3 months if I use my taxes, paychecks, and the savings that I currently have. Then I could pay the underwater difference and sell the car to free myself from the loan. This seems like a good idea but the thought of throwing 6k away and to not have the vehicle or anymore savings sucks. The good part is I would free up 900 a month going forward.

The main problem is when I look at the break down, let’s say it takes me 3 months to save the $5500. It’s April now so April, may, and June I would be saving and From July until December I could save $5400 in total once the $900 is freed.

If I keep the car and continue saving $500 a month from today until the end of the year I could save $4,000 in total AND still have the car. Also I wouldn’t have to drain my savings to do this so it’d be more like 4,000 plus what I have in savings now ~ $1500 so honestly at least $5,500

So the math is very close. One situation just has more risk when it comes to actually keeping the car. And the other frees up my flexibility to be able to spend pretty much how I want. I know if I keep the car I’d still have to factor in gas and maintenance but I will have to pay gas and maintenance regardless because I will need a car no matter what.

I have a 2015 Mazda that is fully paid off, the only problem with it is , I was in a bad accident so the car ugly but that’s about it. But that car has 155k miles and I’m not sure how much longer it will last. I would hate to spend 6k, sell my car, save $5,400 dollars and then need to spend it all again on a new car. I guess you could say well that’s only 11k instead of 20k which makes sense.

I’m just having a rough time with this. Please any helpful, USEFUL advice would be appreciated.

So I made a dumb decision and financed a 2018 Audi q3. The car had only one prior owner who took get care of the vehicle and at the time of this post it has 56,246 miles on it.

My Monthly payment is $479 and my insurance is $300, totaling $779 a month. My total loan is $20,208 at 8.8% I’ve made the decision over the past few months to pay $600 a month towards the car instead of $479 and extra $121.

With this current set up, after all of my bills are paid I am able to save $500 a month and have $700 a month of “free money” This is a comfortable spot for me as I usually am not spending $700 a month anyways and will almost certainly have money left over from month to month.

But looking at how I’m sending $900 to the slaughter each month I’ve been thinking about selling my car.

I’m currently about $5500 dollars underwater on the loan. I could save the $5500 in about 2-3 months if I use my taxes, paychecks, and the savings that I currently have. Then I could pay the underwater difference and sell the car to free myself from the loan. This seems like a good idea but the thought of throwing 6k away and to not have the vehicle or anymore savings sucks. The good part is I would free up 900 a month going forward.

The main problem is when I look at the break down, let’s say it takes me 3 months to save the $5500. It’s April now so April, may, and June I would be saving and From July until December I could save $5400 in total once the $900 is freed.

If I keep the car and continue saving $500 a month from today until the end of the year I could save $4,000 in total AND still have the car. Also I wouldn’t have to drain my savings to do this so it’d be more like 4,000 plus what I have in savings now ~ $1500 so honestly at least $5,500

So the math is very close. One situation just has more risk when it comes to actually keeping the car. And the other frees up my flexibility to be able to spend pretty much how I want. I know if I keep the car I’d still have to factor in gas and maintenance but I will have to pay gas and maintenance regardless because I will need a car no matter what.

I have a 2015 Mazda that is fully paid off, the only problem with it is , I was in a bad accident so the car ugly but that’s about it. But that car has 155k miles and I’m not sure how much longer it will last. I would hate to spend 6k, sell my car, save $5,400 dollars and then need to spend it all again on a new car. I guess you could say well that’s only 11k instead of 20k which makes sense.

I’m just having a rough time with this. Please any helpful, USEFUL advice would be appreciated.

[supprimé]

So I recently got a 2018 Audi q3 with 52k miles. The previous owners took really good care of it. I love the car honestly. And I recently just got a new job as a network engineer where I’m making more money than I’ve ever made. I’m 29, no kids, and I can afford the car. My problem is I’m making about $4,650 a month, and after all of my bills are paid I’m left with about $1500 in true “free money” like money that I can truly do whatever I want to do with it. My car payment is $479 a month plus insurance $300 a month. They’ve got me at 8.8% interest. When I look at my finances everyday I don’t feel strapped for cash, but the principle of paying $780 a month for a vehicle makes me sick to my stomach.

I’ve already done the math and I know I can pay upwards of $1000 a month on the car instead of $479 and still have about $980 a month left over in “free money” this will help me pay this car off quick enough to where I could probably sell it in about 7-8 months and free myself from the loan. I’m about $6000 underwater from what the car is worth so if I pay it down aggressively like that I know I can sell it and walk away. But I keep asking myself is that what I really want to do? If I just make the minimum monthly payments instead of paying extra, I can enjoy the car, pay all my bills and still have $1500 a month to save / do whatever with. But Is that enough? Also I’m gonna be paying way more in interest over the course of the loan, and if anything happens I’m still responsible for the loan.

I know financially this is not smart at all. I also have a beat up Mazda 5 that I own outright that is so raggedy, but I drive it to work sometimes to keep miles low on my Audi and I’m realizing I have the same day whether I’m in my Audi or in the Mazda!

I feel like I’m stuck between a rock and a hard place. I love my new car and the feeling of comfort I have when I drive it. I don’t come from money and it feels so nice to finally be driving something that looks nice. But I also know this isn’t the smart thing to be doing. Sometimes the thought of how long it would take to break even on the car makes me want to just keep it. And sometimes I feel like going back to the Mazda is taking a Step backwards. But I know in my heart it doesn’t matter and that the Audi is superficial.

I’m just looking for some advice. I don’t really have a lot of people in my life that I can just readily talk to about stuff

So I recently got a 2018 Audi q3 with 52k miles. The previous owners took really good care of it. I love the car honestly. And I recently just got a new job as a network engineer where I’m making more money than I’ve ever made. I’m 29, no kids, and I can afford the car. My problem is I’m making about $4,650 a month, and after all of my bills are paid I’m left with about $1500 in true “free money” like money that I can truly do whatever I want to do with it. My car payment is $479 a month plus insurance $300 a month. They’ve got me at 8.8% interest. When I look at my finances everyday I don’t feel strapped for cash, but the principle of paying $780 a month for a vehicle makes me sick to my stomach.

I’ve already done the math and I know I can pay upwards of $1000 a month on the car instead of $479 and still have about $980 a month left over in “free money” this will help me pay this car off quick enough to where I could probably sell it in about 7-8 months and free myself from the loan. I’m about $6000 underwater from what the car is worth so if I pay it down aggressively like that I know I can sell it and walk away. But I keep asking myself is that what I really want to do? If I just make the minimum monthly payments instead of paying extra, I can enjoy the car, pay all my bills and still have $1500 a month to save / do whatever with. But Is that enough? Also I’m gonna be paying way more in interest over the course of the loan, and if anything happens I’m still responsible for the loan.

I know financially this is not smart at all. I also have a beat up Mazda 5 that I own outright that is so raggedy, but I drive it to work sometimes to keep miles low on my Audi and I’m realizing I have the same day whether I’m in my Audi or in the Mazda!

I feel like I’m stuck between a rock and a hard place. I love my new car and the feeling of comfort I have when I drive it. I don’t come from money and it feels so nice to finally be driving something that looks nice. But I also know this isn’t the smart thing to be doing. Sometimes the thought of how long it would take to break even on the car makes me want to just keep it. And sometimes I feel like going back to the Mazda is taking a Step backwards. But I know in my heart it doesn’t matter and that the Audi is superficial.

I’m just looking for some advice. I don’t really have a lot of people in my life that I can just readily talk to about stuff

So I recently got a 2018 Audi q3 with 52k miles. The previous owners took really good care of it. I love the car honestly. And I recently just got a new job as a network engineer where I’m making more money than I’ve ever made. I’m 29, no kids, and I can afford the car. My problem is I’m making about $4,650 a month, and after all of my bills are paid I’m left with about $1500 in true “free money” like money that I can truly do whatever I want to do with it. My car payment is $479 a month plus insurance $300 a month. They’ve got me at 8.8% interest. When I look at my finances everyday I don’t feel strapped for cash, but the principle of paying $780 a month for a vehicle makes me sick to my stomach.

I’ve already done the math and I know I can pay upwards of $1000 a month on the car instead of $479 and still have about $980 a month left over in “free money” this will help me pay this car off quick enough to where I could probably sell it in about 7-8 months and free myself from the loan. I’m about $6000 underwater from what the car is worth so if I pay it down aggressively like that I know I can sell it and walk away. But I keep asking myself is that what I really want to do? If I just make the minimum monthly payments instead of paying extra, I can enjoy the car, pay all my bills and still have $1500 a month to save / do whatever with. But Is that enough? Also I’m gonna be paying way more in interest over the course of the loan, and if anything happens I’m still responsible for the loan.

I know financially this is not smart at all. I also have a beat up Mazda 5 that I own outright that is so raggedy, but I drive it to work sometimes to keep miles low on my Audi and I’m realizing I have the same day whether I’m in my Audi or in the Mazda!

I feel like I’m stuck between a rock and a hard place. I love my new car and the feeling of comfort I have when I drive it. I don’t come from money and it feels so nice to finally be driving something that looks nice. But I also know this isn’t the smart thing to be doing. Sometimes the thought of how long it would take to break even on the car makes me want to just keep it. And sometimes I feel like going back to the Mazda is taking a Step backwards. But I know in my heart it doesn’t matter and that the Audi is superficial.

I’m just looking for some advice. I don’t really have a lot of people in my life that I can just readily talk to about stuff