Month: July 2015

Question in reference to an auto

Can anyone give me any advice on this situation?

We are in the process of refinancing our home, done deal. However, we are using some of the equity we have earned to pay off the balance of our car of $10,000. Which I think is great. However, the car is an SUV and is a gas hog V8 and even when it is paid off we really would like to get rid of it, to get something more gas friendly.

We don’t really want to go and finance another car, either. But this one will be paid off.

Any suggestions from anyone out there on what they would do?