I live in Seattle and bought a 2016 Subaru Legacy last May after my 2007 Corolla broke down. I received a three year interest free loan on the car and have been making $700 payments each month to pay it off. I didn't put any money down to take advantage of the interest free loan that I was provided (time value of money).
Recently, an unexpected job opportunity came up in San Francisco and I think I'm going to take it because of how well it lines up with my career goals. Exciting stuff but the problem is the job is in the City and I won't need a car anymore!
I'm worried that I am going to sell the car at a heavy loss. The car is only a year old and I feel so silly for selling a car so soon from a financial perspective.
Please advise! Just bite the bullet? Also looking to hear some best practices on how to sell it or if there is any alternative options. Thanks!
Submitted April 24, 2017 at 12:19AM by Ryusikora1024 http://ift.tt/2p7Zd22
