Usually i can’t tell if i want a red widget, or a blue widget and usually come to the conclusion that i wanted the opposite of the one i brought home.
Normally this doesn’t present a problem as i can just return said widget to the store and get the one i think i really want. When it happens with big ticket items, however, i can get myself into trouble.
This brings us to today’s dilemma.
To keep my 2005 SUV, or to sell my 2005 SUV? I purchased it last summer as my favorite car in the entire world conked out on me; a ’93 DeVille in pristine condition…well, except for the conkin out part ;). When it comes to cars, it seems my A.D.H.D. kicks into overdrive (no pun intended) and I will usually go 1 of 2 extremes. An older “classicy” kinda car w/ no car payments, or a newer more reliable kinda car with heavy payments. In this case, i chose the latter.
The PRO’s on this are abundant: newer, cleaner, reliable, shiny, more fuel efficient, etc.
The CON‘s are too: WAY more $, and paranoia of someone scratching, dinging, or just plain ol’ wrecking it. Not to mention losing value each month I own it – and more so than the actual amount being paid off each month :(
These PRO’S originally sold me on it, however, buyer’s remorse (if you can still call it that one year later) has since played its part. I’m pretty ready to give up my high payments for a decent old beater. I’m guessing this is due to my new found frugality, because i really find my car physically attractive (in a very non-sexual way of course). Limited Edition, v6 all wheel drive, leather interior, 6 cd changer, chrome rims, sunroof, and heated seats! I got a great deal on it too, but still it’s $23+k that is still tugging at me asking if i really *need* it, ya know?
As it stands today, i am 65% thinking of listing it and seeing what happens. I figure if i DO get takers, then maybe it’s meant to be and i should let her go. I could then share my fiancée’s car, split the payments, gas, etc with her and save a good $500/month easy. Maybe do that for a month or two while looking for an older car?
I dunno really. The weather can also get pretty horrible w/ icings and snow all over, and in those times i turn into the SUV promoter! haha… I guess what i really need to just do is weigh the goods and bads thoroughly one more time, and then make a decision once and for all. All this wishy washy drive me absolutely C-R-A-Z-Y.
We shall see what happens … you know i’ll keep ya posted :)
PS: Some of my favorite tools:
|Personal Capital (FREE) -- If you’re looking for a robust financial tracker, Personal Capital is the way to go! They’re like Mint, but on steroids and have much better tools for investment and net worth tracking. // Full review|
|Digit (FREE) -- A super easy (and automated) way to save. Every day Digit analyzes your income and expenses and will push money aside for you any time it sees extra sitting there. I've saved over $4,000 myself using them so far! // Full review|
|Acorns -- Having trouble finding money to invest? Check out Acorns – they round up all your transactions to the nearest $1.00 and drops the difference into an investment portfolio for you. Easy way to start investing! // Full review|