Posts Tagged ‘exept’

Should we trade our BMW for a cheaper car or keep it and pay it off?

We have a 2004 X3 with ~31K miles. We bought it used with an extended warranty to 100K miles. We owe about K and have another 4 years on the loan. (Pmt 0/month) We are about even on the car as far as trade in goes. We are debt free exept for the car, a student loan and the house and want to start aggressivly adding to a current savings of K for emergency purposes and eventually get to where our paychecks are just for living expenses only, all other things paid off. (My husband and I both have state retirement and other retirement accounts.)
We really would like to have a bigger SUV (plan to have another baby next year), but don’t want to extend paying on a car any longer than we have too.

Any advice would be GREAT!!
Thanks!

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