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Reply to "Is trading in my minivan a good financial move? "
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[quote=Anonymous]I have a Honda Odyssey that I LOVE but I do not love the car payment ($398) nor the gas mileage. I owe just under $16K on it right now. DH and I are working on cutting expenses because IMO we are spending too much on our monthly bills. I have been looking at possibly trading in the Odyssey for a used Prius (approx. $14K). This would lower the car payment to around $230 and we would save $100/month on gas, so an annual savings of approx. $3216. DH is nervous that if we get a used Prius, it will need a new battery, negating the savings. He also feels like we may regret getting rid of the van. I am not thrilled about getting rid of my leather (heated!) seats, sliding doors, etc but I am trying to see the big picture here of lowering our bills and getting our small amount of CC debt paid off. Thoughts? [/quote]
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