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Reply to "What to do first? Debt vs Savings/Retirement"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Holy moly - that $820 car payment is simply insane on your income. Trade in that car for a cheaper but reliable sedan. You will save at least $500/month right there. [/quote] It was a HORRIBLE deal and I admit it. I wish I could dump it but it's underwater and has been for the two years since I purchased it, so I was not able to refinance it because of the negative equity. Love the car, but it's a liability. [/quote] You took out a 6 year car loan at 11% and $820/month payments? Yikes. I would suggest selling that while it's still reasonably new. Can you trade it in and get a less expensive used car?[/quote]
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