I have a 2007 Nissan Sentra. I bought it brand new 2008 for 12,000
after 2 years of making payments of $350 a month, I became default because I didn't have a job for a year.
Now I have a staffing job (very low pay) and owe 12,000. So basically I'm starting from ground zero.
My car is out for repo. But the company is offering a chance to sell the car @ Carmax and then write off the account so I won't have to pay anything. THis deal will be good only for this month. But then I'd be left with NO CAR! But I was thinking to buy my new car with CASH. A good reliable car with my tax return and money from the new job.
Please help- I HATE debt, and this is a huge burden. Some people say keep the car. Other say just get rid of it and buy a cheap reliable car. Please help- I need opinions, advice.
after 2 years of making payments of $350 a month, I became default because I didn't have a job for a year.
Now I have a staffing job (very low pay) and owe 12,000. So basically I'm starting from ground zero.
My car is out for repo. But the company is offering a chance to sell the car @ Carmax and then write off the account so I won't have to pay anything. THis deal will be good only for this month. But then I'd be left with NO CAR! But I was thinking to buy my new car with CASH. A good reliable car with my tax return and money from the new job.
Please help- I HATE debt, and this is a huge burden. Some people say keep the car. Other say just get rid of it and buy a cheap reliable car. Please help- I need opinions, advice.