I bought a new pickup truck in 2012. The loan, which was roughly 36K, is now paid off. Due to a career change requiring a lot less driving, the truck has only 51,000 miles.
Overall it's in good shape. Other than expected, routine maintenance there hasn't been any mechanical issues.
Through a private sale, a truck in this condition would likely sell for between 18k - 21k. I've never had "equity" in a car like this, and have been wondering if selling it and picking up good used car in the range of 10k makes sense. I would use the difference to pay down some debt.
Am I thinking clearly about this or not?
Submitted July 10, 2017 at 07:58AM by Abetterway_thisway http://ift.tt/2u9ln9v
