what would you do

[B65]

Ok my mission is to try to learn and not make mistakes anymore. We got dishcraged 4 weeks ago, letting house go into foreclosure as we think mortgage payment is too high.
We did not reaffirm anything, we have a 2009 Hyndai sonata with 9k on the clock full warranty.... 7.5 interest rate for 60 months will be 48 months from this July. payment is $533 per month. now they told us we pay we keep car.. but i am wondering if I should try to half my payment and geta cheaper second hand car...... capital one gave us a loan at 12% for 16,300. even if a i got a car with say 30k on clock my payment would be $300 a month a saving of $233....... my only thoughts are.....

high payment, can walk away anytime from car..... and it has a good warranty.

older car... tie to loan again... but cheap payment....


what should I do... what would you do??

ps do not need to use the whole loan from capital one I could by a lot cheaper car... but just want something reliable.

[jessegirl]

Ok my mission is to try to learn and not make mistakes anymore. We got dishcraged 4 weeks ago, letting house go into foreclosure as we think mortgage payment is too high.
We did not reaffirm anything, we have a 2009 Hyndai sonata with 9k on the clock full warranty.... 7.5 interest rate for 60 months will be 48 months from this July. payment is $533 per month. now they told us we pay we keep car.. but i am wondering if I should try to half my payment and geta cheaper second hand car...... capital one gave us a loan at 12% for 16,300. even if a i got a car with say 30k on clock my payment would be $300 a month a saving of $233....... my only thoughts are.....

high payment, can walk away anytime from car..... and it has a good warranty.

older car... tie to loan again... but cheap payment....


what should I do... what would you do??

ps do not need to use the whole loan from capital one I could by a lot cheaper car... but just want something reliable.

Hey Girlfriend~ I am going to do the same thing. I have a lease that we did not reaffirm and payment is high. I am thinking of letting the lease go and get something cheaper with 1/2 the payment and then maybe in a few years down the road save for a newer vehicle.

[B65]

Hey you

Yeah... I just do not want large payments anymore...... I am so glad you are over your 2004..... I have a good feeling about it for you!!!

I am still in my stress...heard nothing back from the IRS regarding taxes... I am so annoyed with myself I let Dh do them when I knew he could'nt handle it... but it was 2 days before my 60 days were up and I was all about the bankruptcy and just said yes to him about trying to do them and did not think it through....... so I am now imagining the worst and lots of stress.... jeez will it ever end?? I am beginning to wonder......



thinking of you....

[jessegirl]

Yeah... I just do not want large payments anymore...... I am so glad you are over your 2004..... I have a good feeling about it for you!!!

I am still in my stress...heard nothing back from the IRS regarding taxes... I am so annoyed with myself I let Dh do them when I knew he could'nt handle it... but it was 2 days before my 60 days were up and I was all about the bankruptcy and just said yes to him about trying to do them and did not think it through....... so I am now imagining the worst and lots of stress.... jeez will it ever end?? I am beginning to wonder......



thinking of you....

B - What happened with the Taxes - I was trying to go thru some of your threads, but couldn't find anything about the taxes and my brain has been shit lately with all the stuff going on.

Tll me what happened - Maybe I can give you some ideas, if you want you can Pm me.

Jesse

[DebtStinks]

My wife and I picked up a 2008 Kia Sorento (has great factory warranty) with 9k miles on it for $15,900. We did $298 a month for 66 months at 7.75%. We are very happy with the Kia and $298 feels great since we just finished paying off my Toyota Sequoia that had a $761 a month payment.

[B65]

did you get that rate

just after discharge?

[DebtStinks]

just after discharge?

No sorry we in the pre-planning for a Chapter 7 in June. We dumped 2 old (1996,1998) cars and replaced them with the Kia. But there are some great deals on low mileage cars... i'd dump the $500+ payment.

[Help!]

I would ditch anything with a loan and buy a beater. I'd rather take the bus than make payments on a car again!

[B65]

yeah I wish

we dont buses around here, we are way in the sticks..... I am just worried about beaters, been burned so many times that something always goes wrong and you have to shell out money all the time to fix it... My hubby has a beater... and we just spend $1000 last month alone on a car worth $700 to fix it........... every month we pay something.