Reno89
All Star
At the moment, I have two vehicles: an SUV that I still owe about $5,000 on, and a cargo van that I use for work that I still owe about $26,000 on. Because I am in the transportation industry, along with the fact that my van does 13 miles per gallon, I end up spending about $1,000 in gas every month how to make about 4000-5000 dollars.
As of today, my total expenses are about $3300 a month in bills. This is not including the cost of food, clothing, and repairs to both vehicles.
My Options
A. I could sell my van, and still owe about 10 - $13,000. However, I would still drive Uber, and do a few deliveries with local courier companies. This would save me about $500 a month on gas, almost $300 on my payment, and $250 for insurance.
However, I don't see myself making more than $3,000 a month by doing this, which can make things really tight financially. Furthermore, I have to do a a couple of repairs, and some body work before I can sell it.
B. Trading my van for an older, more fuel efficient vehicle. I would be able to make about the same amount of money that I'm making right now, but I would still save about $500 a month on gas, but that's it. Furthermore, I'm not at the point where I would be prepared 4 any repairs that would pop up in the first month or two. Furthermore, I still have to do the repairs in the body work to my current vehicle
C. Keeping my van. It would definitely keep my credit score intact. However, I would definitely be back at square one trying to keep up with all of these expenses.
I need all the advice I can get fam
As of today, my total expenses are about $3300 a month in bills. This is not including the cost of food, clothing, and repairs to both vehicles.
My Options
A. I could sell my van, and still owe about 10 - $13,000. However, I would still drive Uber, and do a few deliveries with local courier companies. This would save me about $500 a month on gas, almost $300 on my payment, and $250 for insurance.
However, I don't see myself making more than $3,000 a month by doing this, which can make things really tight financially. Furthermore, I have to do a a couple of repairs, and some body work before I can sell it.
B. Trading my van for an older, more fuel efficient vehicle. I would be able to make about the same amount of money that I'm making right now, but I would still save about $500 a month on gas, but that's it. Furthermore, I'm not at the point where I would be prepared 4 any repairs that would pop up in the first month or two. Furthermore, I still have to do the repairs in the body work to my current vehicle
C. Keeping my van. It would definitely keep my credit score intact. However, I would definitely be back at square one trying to keep up with all of these expenses.
I need all the advice I can get fam
