SO...Justin and I have been juggling ideas of how to get out from under our truck payment, get an SUV- for kids eventually and get a camper, but still get another truck so we can tow the camper when we need to and save money all at the same time....Sound like a joke right? Right!
That's what I said.
So we tried selling the truck outright, then just going and buying a cheaper truck and buying a cheaper camper for a total that was less than we financed on the Duramax-- Good idea- except nobody wants to buy a diesel in this economy. Nobody.
So we tried selling the truck outright, then just going and buying a cheaper truck and buying a cheaper camper for a total that was less than we financed on the Duramax-- Good idea- except nobody wants to buy a diesel in this economy. Nobody.
So... We decided we could trade the truck in for another truck-- smaller truck- smaller payment- same idea. The extra $ goes towards a camper and still saves us money-- this is all very idealistic.
So... I've been doing a lot of praying and thinking and sorting and adding and all that fun stuff...because we really wanted to pull this off and try to make room for some children in our life. (Eventually- Don't go getting ideas yet- I'm an OVERLY prepared person so this is all just part of the "process" for me)
Anyway-- this morning on my way to work it HIT me!
Here's the grand scheme!
So.... My car Blue books (x) amount of dollars above what we owe on it, so we've got some equity there.
The truck actually Blue books (y) amount of dollars above what we owe on it, but since nobody wants to pay- even what we owe on it, trading it in is the ideal plan...So here we go (since everyone needs to know)...
Trade Duramax in for SUV for a smaller payment. {An SUV that will tow a camper}
Buy a inexpensive Camper for all our summer adventures- and the total of SUV and Camper Payments = less than our Duramax payment now.
Sell my car for Blue Book Value- Use the Equity to buy a not-expensive single cab truck for Justin to drive on his few days off in the winter when he needs 4-wheel drive and drive his 1970 Chevy on his few days off in the summer.
This will eliminate the car payment- get us an SUV, a Truck and a Camper and decrease our "total debt"
{Yes that is a column in my excel budget and it is one of my overall goals in life to decrease that # by as much as possible every single day}
If possible I will track it to death.
{Yes that is a column in my excel budget and it is one of my overall goals in life to decrease that # by as much as possible every single day}
If possible I will track it to death.
Happy Trials everyone. Now that you know my financial story. Kindof in depth, but guess what. It's life and I'm excited!
PEACE!
In the Mean time...This is the SUV we're looking at....
Pretty Spiffy huh?
3 comments:
Andrew and I are trying to figure this out also! It's good to know that it could work!
Well your final conclusion is what I thought of first haha! Also I love that someone else brain works like mine. I do the same processing to find an answer in my brain too, probably way to much haha.
Oh and I would totally go the SUV way for future kids. thats what I wanted to do from the start...but being newly wed and going the way of my husband instead, I didn't get the SUV, I love my truck and it's paid for, but I wish I already had the SUV since I know I'll have more kids, and I need more seating room, but that is going to require me to get go car shopping once again here in the future.
Sorry long reply. Good luck on your shopping!
Marlynn- No problem! I'm so glad someone elses brain works like mine. It's a deep dark hole sometimes, but good things come from it! lol
Alesha- I'll let you know how it goes! And good Luck to you guys too! If you figure it out before me...let me know!
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