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Updated about 5 years ago,

User Stats

34
Posts
6
Votes
A. Maldonado
  • Rental Property Investor
  • Stafford, VA
6
Votes |
34
Posts

Should it go to Car A or Car B

A. Maldonado
  • Rental Property Investor
  • Stafford, VA
Posted

Currently paying on a zero interest credit card that will soon have interest added to it, also paying on two cars that we stupidly got.

Car A has 10k of negative equity on it. We don’t want to keep this car forever and want to get rid of it when we are financially able to. We’ll get a small beater in it’s place that we can keep.

Car B only has 3.5k of negative equity on it. We like this car and want to keep it till the wheels fall off.

Both cars are 4% so our credit is good.

**Our question is, once we pay off the credit card, should the $600 we’re paying towards it go to Car A or B, explain.

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