Anonymous User wrote:Her Jetta is an SEL trim level. The SEL should raise the estimate. We got it for about 15k about 9 months ago. We aren't too terriblely underwater on the Jetta; perhaps based on the trade in value. Either way though my wife works part time and pays her note herself. So unless she falls behind on the payments I cannot justify taking it away from her.
Edit: also my liquid cash on hand is $4000. I also have $1000 in long term stocks that are doing well.
I'm not suggesting taking the car from her. I'm suggesting both of you sit down like adults and realize you've made several bad decisions and that you come up with a few things to remedy those bad decisions. And the first and most immediate thing you can do is to cut your fixed costs.
And when you cut fixed costs, the best thing you can do is focus on the big things: rent/mortgage, car payments, student loan payments, cable, etc. Where do you plan on renting if you rent your house out? Can you cut cable? Can you reduce car payments?
Then can you change cell phone plans? Drop your internet speed a little? Buy smarter at the grocery store? Whatever. But this is all small peanuts compared to the big things above.
I mean, your debt is outrageous and you need to recognize that. Sitting here and defending a $15k car purchase that was bought when you have student loans was (for the fifth time) absolutely fucking absurd. You continue to make excuses for keeping it, which again, is absolutely fucking absurd.
And LOL at $1,000 in stocks doing well. You have a loan accruing at 18% interest. Get a grip. Sit your wife down so she gets a grip too.