We did it!

iVillage Member
Registered: 03-25-2003
We did it!
9
Mon, 06-05-2006 - 10:12am

We sold both of our cars this weekend and were able to get a minivan in their place. We received enough for the trade ins to pay off DH's car loan (about $4900 ~ my SUV was paid off) and we got a check for a little over $500.

We are now a one car family, which presents its own challenges, but I'm thrilled that we have no car payments and more breathing room in our TIGHT budget.




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iVillage Member
Registered: 08-23-2005
Mon, 06-05-2006 - 10:43am
Congrats!

lvhunnie2005

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iVillage Member
Registered: 11-09-2004
Mon, 06-05-2006 - 10:49am

Congratulations! I'm glad you made that leap and now have $5000 less debt to pay. =)


We were a one-car household for 6 years and I'm definitely noticing the difference in car upkeep, auto insurance, ad valorem tax, etc charges with two vehicles compared to one.


Hooray for no car payments!


Sincerely,
Lindsey Schocke

Geeks on Tap: Mission Accomplished

Avatar for 2locachicas
iVillage Member
Registered: 05-14-2003
Mon, 06-05-2006 - 11:06am
Congratulations!! not having a car payment & lower car insurance payments might just translate into a slightly larger snowball!! You guys are definitely on the road to financial recovery....
iVillage Member
Registered: 01-06-2005
Mon, 06-05-2006 - 12:22pm

I am so jealous!

 

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iVillage Member
Registered: 05-10-2006
Mon, 06-05-2006 - 1:26pm
That is wonderful news, a debt gone and a bit to put towards another one!!! Enjoy your minivan!!!
iVillage Member
Registered: 03-27-2003
Mon, 06-05-2006 - 2:10pm

Mary, that is awesome. Doesn't it feel like a huge weight has been lifted reducing that debt by $5K? Keep up the great work.

Heather

iVillage Member
Registered: 05-30-2006
Tue, 06-06-2006 - 9:37am

Congrats!!! That must feel wonderful! I am determined never to walk into a dealership and buy another thing with no money down and no trade in..I have learned my lesson!

Good for you!!!

iVillage Member
Registered: 08-13-2003
Tue, 06-06-2006 - 10:23am

Good for you!!

Your post has me thinking again about possibly trying to sell dh's paid-off car and do the one-car thing .... but I don't know how that would work since dh doesn't have any kind of set schedule.

Maybe we could try only using the one car for a couple of weeks and see how we do ... a trial run of sorts!

Amy

iVillage Member
Registered: 06-16-2004
Tue, 06-06-2006 - 10:25am

That is so great!

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