Should I sell my car and buy a cheaper one to pay for things?
I got in some trouble and I have to pay court costs that can possibly go up to $1200 and I have about two dollars and no job. (I'm willing to work, I just didn't have a job because I was in school and just got out.) I'm trying really hard to get a job right now but I have to pay like $500 in less than three weeks. I also want to live in an apartment starting in August. So I was going to save all summer to put money towards an apartment but now I mucked up and have to pay for a bunch of stuff. I still want to live in an apartment in the same town as my college and I want to work there too, so I wouldn't be going anywhere far so I wouldn't need a super nice car. I could probably sell my car for about $6000 and I thought about buying a car for $3000 so Then I would have $3000 left over and could pay off my court costs and also have extra money AND all the money I made this summer could be saved. I also could find a car that is cheaper on insurance. But is this a bad idea? I'm not a picky person about how nice my car is as long as it runs and doesn't eat up gas. I've looked at cars in my area for sale and there's a few that I would definitely drive and be interested in. My car now though is a Honda Civic great on gas and paid off and reliable. But I can get money from it which I need bad.
Lots of Q's…1st of all, for your honda: you need to look at the edmunds website to see what the actual value is for the vehicle if you sold it to a private party, or a dealer; 2nd - it will be difficult to find a decent vehicle for $ 3000 that does not need lots of work… Maybe consider a small cc motorcycle or a scooter ; 3rd - as far as an apt… NO WAY, sorry… You need to have good credit + a steady source of income… Sorry to be a bearer of bad news, but that's the reality of what you are asking about.
If you aren't very careful, a cheaper car may end up costing you more money in repairs. Your plan could work IF you can actually get $6000 for your car, AND you don't owe on a car loan, AND you can find a good car for $3000 that doesn't have major problems.
- When you buy/lease a brand new car, are you able to add things/customize it at the dealer? In 2014 my friend financed a base model Jetta brand new red. However his model came with fog lights and LED turn signals but had hub caps. However, my other friend had a 2014 Jetta as well and had the middle trim and had no fog lights or LED turn signals but had aluminum alloy rims. Can you add things like that to a car? I know at Honda if I wanted Fog lights on the middle trim they would ask me to upgrade entirely to the highest trim which i don't need, I just want the fog lights
- Should I sell my car and invest the money? I have 2 cars. A 2000 Mitsubishi Eclipse and an 2006 Honda S2000. I'm thinking of selling the Honda and getting 12-15k for it. Then investing that money. I have a friend who builds and flips houses. He said if I invest he'll give me a good return on it when they sell. I forgot the percentage he said, but it was higher than doing a cd or anything like that. I like my car, but I only drive that one once a week or so. Should I try and sell it and use it to make more money?
- Should I replace speakers and headunit in car before I sell it? I have a Honda S2000 and I'm thinking of selling it soon. There speakers are blown, the aftermarket head unit is worn and finicky, there's an amp in the trunk, and the fob for the alarm needs reprogrammed. Should I replace the stock head unit and put some cheap speakers in or should I just leave it as is? I don't know if fixing the stuff would make a huge difference on the price I'd receive
- If one or two ISP's ban a site and raise prices, can a new one rise up and compete? Why? Why not? What about Honda/Toyota? Or ' MCI & Sprint muscling AT&T aside? Anyone remember Nucor Steel? Each of those took advantage of very different situations, each with seemingly impossible odds. Thing is, they were all LEGALLY allowed to compete. How about here?