Seriously, what should I do?

[PV5150]

Awesome post Mr. Peevles. Unfortunately selling my car is not an option as I commute to work every day. As it is I drive 30 miles to and from work and if/when I start this new job it will be about a 50 mile drive to and from work. I also don't have anyone I can hitch a ride in with or a public transportation system that takes me to the places that I need to get to. I did at one point look at selling my car and getting something less expensive but I purchased the car for $15,000 and have paid about $4000 on it (including the down payment) which leaves about $11,000 still owed by the bank. Trade-in value is $10,500 so I can't trade it in, and prive party sale is worth about $12,000 so that would only give me $1000 which would only be enough for a down payment on another car or not enough to outright buy a car I could trust to get me to and from work every day. So that = out. The Dell is worth about $200 since I bought it for about $300 from the Dell dent and scratch site, not enough for me to hock it as I use it as my backup all the time when the main computer decides to obliterate itself.

Now, the Deagle definitely holds it's value, I could sell that for about $1250 and my computer is still fairly new and has some top of the line components in it... I haven't tallied up the total on it yet but I'm sure it's worth about $3000 used.

Gotta go help a customer, to be continued.

Np's at all mate. There has been some good advice given here from our other members. The reason I suggested you keep your Conroe compy was for the reason that Dave and Kemp mentioned - if sold, you'll prolly buy another. Consolidation loans can be a good option, but again the interest can be fairly hefty depending on who you take it out with. The problem is too that if you apply for a consolidation loan and are rejected, it will reflect poorly on your credit rating.

Did you get your loan for the car through your bank, or through a car finance place? You may be able to have a talk with them about adjusting your repayments for a period of time. Markklebs suggestion of getting a cheaper car is also a good idea...