- 3,478
- 4,265
- Joined
- Aug 25, 2012
I have a Crown Victoria paid off in full, but I want a smaller car for fuel efficiency. My question is would you trade your old car in for the sole purpose of having a bigger down payment?
- 43,402
- 42,952
- Joined
- Oct 10, 2013
Keep the paid off car, save money for the next
yeezusdisciple
Banned
- 5,120
- 1,357
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- Nov 29, 2013
U might get more money selling ur car by urself and using that money as a down payment
- 3,478
- 4,265
- Joined
- Aug 25, 2012
I thought about both of those possibilities. My very first car got totaled and that sucked. So I know what it's like to not have a car for a while. That's why it's so tough to decide.
- 3,174
- 1,154
- Joined
- Feb 3, 2012
Depending on what car you get...you'll probably end up spending more getting a new car than you would just paying for gas on your current car so you wouldn't even be saving any money.
- 3,949
- 1,197
- Joined
- Nov 16, 2001
Never. If you're set on having a car payment, why not keep the CV and pay yourself (save) whatever you expected your payment to be. Within a year you can easily step up to a newer car. Let another couple years go by with the same strategy, then step up again. Before you know it, you'll have a pretty nice car to roll around in and you won't owe anyone anything.
