dandydaniel
Member
- :
- 2008.5 Mazdaspeed 3
Keep the car for weekend fun, especially since you're able to pay off roughly $18,000 (with interest i'm assuming) within 4 months.
2. Did you buy the car for transportation, or for fun?
I have a feeling the second question will lead you to the correct answer.
If you would blow the cash then keep the car it is fun. However, if your 401k or Roth IRA isn't fully funded then I would sell the car and fund them. If they're funded you might open an investment account with a mutual fund company. Fidelity and Vanguard are two good ones.
Mike
I guess I bought it for both, but if I wanted a car strictly for transportation I would have got a slow 3, not a speed 3.
ok, so the way i see it is that assuming your work doesn't mind your using the truck for normal tasks like going to the grocery store, etc., your "fun" is completely covered with the bike, so why have the car? i mean, i love my car, but let's not fool ourselves into thinking that it's anywhere NEAR as fun as a bike!
so, if you can get away with using the truck for all your practical needs, just sell the car, because all it's doing is depreciating in value. that is the financially responsible thing to do: it's a dead cost.
I'd take it with you and see what the situation is down there. My buddy has a "work related only" truck and they actually put a tracker in it to make sure he only uses it for work related things. That's what they told him anyway, whether they did or not is irrelevant, he's not going to risk his job to find out. Especially with gas being the way it is I imagine they'd keep you on a short leash with that truck if they're paying gas/insurance. Plus, heaven forbid you get in an accident or something using it for something not work related that could get you in hot water. If you're not having trouble affording it I'd just keep what you've got.