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    I just paid off my 2016 Kia optima but I really want to buy a SUV. Thoughts? should I sell my Kia privately, trade in ?

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    8 Comments

    1. CommanderShrimp7 on

      Youll get more in a private sale but its more work. Trading in is super easy but youll get less for it

    3. Fearless_Hedgehog491 on

      If it’s going to put you back in debt don’t do it. Take the money not going to a car payment and invest it.

    5. caleblococaleb on

      You just paid it out, start investing your money if you haven’t started.

    6. That0neSummoner on

      Do you have an emergency fund (2-4 months of expenses) saved?

      Is your retirement maxed/close to maxed?

      If both are yes, start saving the monthly payment on your goal car into a high yield savings account. If anything happens to your car, use this money to fix it. Once you can put a sizeable (50%) down payment on a new car then start doing test drives.

      If you’re looking at interest rates higher than your finance rate, keep saving.

      Cars are a huge money sink for Americans. Don’t fall in to the trap.

    7. Agile_Bus_4052 on

      Sell it on a lemon lot by your base if there’s one. Get higher equity, and negotiate with an actual buyer.

    8. pm_me_ur_bidets on

      How much you selling for? if its decent amount you are going to have to be exchanging that with private party. They will be paying you cash, check, money order whatever, but now you have to do this exchange and verify the funds are legit and they aren’t defrauding you. 

      usually will net you more, but because more complicated when past certain threshold. 

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