Quote:
Originally Posted by Jmac
I assume he will still need a vehicle to get to and from work, unless you can point out the Skytrain route in Fort St. John.
Also, selling the car for $17k (if he can even find a buyer around FSJ at $17k) wouldn't bring his interest payments from $251 to $0.
If he sells the car for $15k, buys a reliable, fuel efficient car for $5k, that allows him to put $10k towards his debt, +$100/month from fuel savings, and possibly a little extra from maintenance.
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OP already has a 2nd vehicle.
"I also own a 97 pathfinder which is probably worth 2000"
Quote:
Originally Posted by mr_chin
By keeping your 300zx, you're technically putting more than $250 in interest. If you think about it, you're paying
$250 in interest
$200ish? in gas for a needless vehicle
$200ish? for insurance for a needless vehicle
possible maintenance for that vehicle.
That's almost $800ish every month.
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Your monthly expenditures for his vehicle almost totaled his rough cost of money he would spend a month to survive. He stated he already included car insurance etc into it. You might be over exaggerating his monthly ins/gas costs.