Quote:
Originally Posted by Russo
i say pay off the 2011... getting out of debt should be priority #1 and it's the best example you can give your kids
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Main reasons the Silverado is under water is b/c in addition to rolling a little bit of neg equity in, I didn't put anything down and have had it less than a year. I qualified for 0% int and had just paid cash for the Camaro so savings were tight.
At a minimum, I will be paying out the negative equity this time around and not rolling it into a new loan. From there, I may "give up" the extra $2000 rebate and take the 0% over 72 months or just lease it since I tend to go through cars fairly quickly!
The Camaro is already paid off so I'm not too worried about debt, although I would hate to sell the car in a pinch, but that is the emergency plan.
