What's the best move here??
Please read!!
First of all I will say that I do have money available that I've saved up. I can completely afford to pay to have my car fixed. I can also completely afford to pay my car off.
To fix my car I was quoted $1200 in repairs to fix its issues and make it safer (brakes, check engine light, coolant temp sensor, to name a few).
My car I bought used. I have been making the payments on it, building my credit. I owe $1800 on the car then its totally clear and free. Less than a year of payment left. However. There is some sort of fee (no i dont know what the fee is) that I will have to pay if I pay off the car before the end of the contract. I guess its because the bank needs to make money and will lose some interest if i pay it sooner.
And if i was to finance a new vehicle (looking at crossovers and because i already know what kind of vehicle I would like, these are the payments I would have to make...again if I financed a new vehicle) The new car would put me back nearly $38,000. And no i do not have that in cash sitting around. Roughly $260 bi weekly without a trade in or owing wrapped into that price. I am able to easily make those payments as it is within my means.
Hopefully this is sort of enough information...
Do I put the money into fixing my car and keep making payments?
Do I fix my car and pay off the car and fees?
Do I trade in the car and finance something new?
What's better in the longish run?
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