We sold our car and made $4000!!!

[kt_mom]

Just thought I would share some exciting news. My husband sold our SUV and made $4,300 on it. We were able to pay off our two biggest credit cards completely and over 60% of what we owe on another card.

We bought it a little over a year ago and we've only made regular payments on it since then. We didn't put any money down either. The value of the large SUV's had dropped so much due to the gas prices and the economy and we got a good deal on it.

We've usually always made out okay on vehicle purchases/sales because DH is in the car business but this was way better than normal. Most times we just break even which is hard enough to do.

It's so nice not to have those two credit card payments anymore. And since DH hasn't found our next car yet we won't have a car payment this month either.

 

[bonkos6]

Congratulations!!

 

[DawnM]

I am not sure I am following. You bought a car and had a loan on it and then you sold it for $4K more than you owed? Am I following this?

 

[kt_mom]

I am not sure I am following. You bought a car and had a loan on it and then you sold it for $4K more than you owed? Am I following this?

Yes. We got $4300 back in our pocket after we sold it.

 

[DawnM]

Great. Always good to pay off loans. Hopefully you can find your next car will be low payments and better gas mileage.

Dawn

Yes. We got $4300 back in our pocket after we sold it.

 

[jewjubean]

I am not sure I am following. You bought a car and had a loan on it and then you sold it for $4K more than you owed? Am I following this?

When we sold my last car the same thing happened to us.. We got more money than we bought it for.. without putting money in it. It pays to keep a car clean/regular maintence.

 

[DawnM]

We do that too, but we generally drive cars until they are about dead!

Dawn

When we sold my last car the same thing happened to us.. We got more money than we bought it for.. without putting money in it. It pays to keep a car clean/regular maintence.

 

[kt_mom]

We do that too, but we generally drive cars until they are about dead!

Dawn

We usuall only drive our cars for two or three years at the most. Sometimes not that long. DH is in a demo now so it's just my car now. DH usually makes sure we at least break even and we've made a couple dollars here or there selling but never this much.