more cash flow? or pay off car... - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

bYuPride · 03-16-2007, 10:41 PM

I have been paying about $500 for my car for the last year and a half or so. My payment is $219. I owe about 5k left and the interest rate is 4.99%. I'm sick of always feeling low on funds, but I'm glad my car is getting paid off faster. I can probably afford to pay 700-800 on the car but then I'd really have to live frugally. What should I do?

A. pay the $219/mo and live the rock star lifestyle but pay off the car over 2 years.
B. continue to pay $500/mo and live okay and pay it off in 10 months.
C. pay $800/mo and pay it off in 6-7 months and get the nuse from around my neck and breathe easy for a while.

what are your thoughts?!

03-16-2007, 10:41 PM	#1
bYuPride Senior Member Join Date: Jan 2006 Location: Salt Lake City Posts: 1,058	more cash flow? or pay off car... I have been paying about $500 for my car for the last year and a half or so. My payment is $219. I owe about 5k left and the interest rate is 4.99%. I'm sick of always feeling low on funds, but I'm glad my car is getting paid off faster. I can probably afford to pay 700-800 on the car but then I'd really have to live frugally. What should I do? A. pay the $219/mo and live the rock star lifestyle but pay off the car over 2 years. B. continue to pay $500/mo and live okay and pay it off in 10 months. C. pay $800/mo and pay it off in 6-7 months and get the nuse from around my neck and breathe easy for a while. what are your thoughts?! __________________ Get your BYU license plates http://dmv.utah.gov/licensecollegiate.html#byu You do not have to wait for your current registration to expire. Get your freakin' plates on your vehicle and be TRUE BLUE!!!!!! "I'm on my beater bike" Translation: I had this baby custom-made in Tuscany using titanium blessed by the Pope. I took it to a wind tunnel and it disappeared. It weighs less than a fart and costs more than a divorce.