Marissa

Ich fahre langsam. Sehr langsam.

Ich fahre langsam. Sehr langsam.

Hi, thank you for taking my call. My husband and I are working on baby step number two and realized that we might be paying some stupid tax. We started at $133,000 in debt about six months ago and have paid off $16,000 already. However, my husband and I disagree about what we should do with our lease vehicle. Our original plan was to finish paying off our lease and then purchase it outright.

Hi, thank you for taking my call. My husband and I are working on baby step number two and realized that we might be paying some stupid tax. We started at $133,000 in debt about six months ago and have paid off $16,000 already. However, my husband and I disagree about what we should do with our lease vehicle. Our original plan was to finish paying off our lease and then purchase it outright.

Hi, thank you for taking my call. My husband and I are working on baby step number two and realized that we might be paying some stupid tax. We started at $133,000 in debt about six months ago and have paid off $16,000 already. However, my husband and I disagree about what we should do with our lease vehicle. Our original plan was to finish paying off our lease and then purchase it outright.

That would be $42,000 in total. My husband thinks it's a good idea to get rid of the car by selling it back to the dealership and paying the difference of about $9,000. Doing this would help us get out of debt eight months sooner, but I'm worried it would leave us in a vulnerable state because we would only have my husband's old truck, which needs about $5,000 in work and has 440,000 miles.

That would be $42,000 in total. My husband thinks it's a good idea to get rid of the car by selling it back to the dealership and paying the difference of about $9,000. Doing this would help us get out of debt eight months sooner, but I'm worried it would leave us in a vulnerable state because we would only have my husband's old truck, which needs about $5,000 in work and has 440,000 miles.

That would be $42,000 in total. My husband thinks it's a good idea to get rid of the car by selling it back to the dealership and paying the difference of about $9,000. Doing this would help us get out of debt eight months sooner, but I'm worried it would leave us in a vulnerable state because we would only have my husband's old truck, which needs about $5,000 in work and has 440,000 miles.

So my question is, should we get rid of the leased car to get out of debt sooner?

So my question is, should we get rid of the leased car to get out of debt sooner?

So my question is, should we get rid of the leased car to get out of debt sooner?

Yes. So the forty two will be altogether. It'll be twenty six thousand after the lease period.

Yes. So the forty two will be altogether. It'll be twenty six thousand after the lease period.

Yes. So the forty two will be altogether. It'll be twenty six thousand after the lease period.

Yes, ma'am, for a total of $42,000.

Yes, ma'am, for a total of $42,000.

Yes, ma'am, for a total of $42,000.

So we reached out to the dealership. Originally, we tried to try one of the lease swap options. We've had the car for just a year, but we've already used $2,000 worth of miles because we planned on purchasing it. The dealership did offer us $28,000 to basically get the car back. And again, we would have to pay the $9,000. We do have 9,000 saved. So we're kind of stuck there.

So we reached out to the dealership. Originally, we tried to try one of the lease swap options. We've had the car for just a year, but we've already used $2,000 worth of miles because we planned on purchasing it. The dealership did offer us $28,000 to basically get the car back. And again, we would have to pay the $9,000. We do have 9,000 saved. So we're kind of stuck there.

So we reached out to the dealership. Originally, we tried to try one of the lease swap options. We've had the car for just a year, but we've already used $2,000 worth of miles because we planned on purchasing it. The dealership did offer us $28,000 to basically get the car back. And again, we would have to pay the $9,000. We do have 9,000 saved. So we're kind of stuck there.