Hi guys, first time posting in this group. I wanted to ask a personal finance question.
Well to begin, I'm 37 and I've had some dental issues since my mid 20's. I guess that's another issue. But I'm planning on going overseas to get some dental work done.
That's connected to my actual question for you guys. I have a financed 2015 Nissan Frontier 2wd. My payoff amount is 14k approx. And last month I had it appraised at carmax for 12500. I'm considering selling my truck back to carmax and buying a cash car for about 3k.
I was thinking an old toyota corolla or toyota 4runner. Previously ive always had older cars, and did the majority of the repairs DIY.
I make 26/hr and pay 700 in living expenses with utilities living w/ a family member.
I owe approx 7k in student loans. 7k in credit card debt/care credit from a root canal.
I pay 375 a month car note for the truck. 160 in insurance. And I have 4 years left on the loan.
Another option is to refinance. I applied to bank of america and could get my payments reduced to 250/month.
I was thinking I could use the money instead to save about 150 a month for potential repairs, or another cash vehicle and the rest to pay down debt and fund a trip overseas for dental care.
So my question is do you guys think this is a good idea from a financial standpoint?
TIA
Submitted May 30, 2019 at 01:52PM by loqueserasera01 http://bit.ly/30O2GW2
