money issues.

[FadeToBlak121]

so i just got a new truck a few weeks ago. posted a thread telling everyone. its an f150 and im realizing that its destroying my wallet. the gas sucks but thats not the biggest issue. the payments are up the butt and so is the insurance since i have to have full coverage. plus im only working 30 hours a week cuz my work wont give me more. and Im having a terrible time trying to sell my camaro. so right now 2 car payments and 2 insurance payments im realizing is unbelievable. so heres my few questions.
1.you think i should sell the truck? (i know everyones gunna say yeah)
2.can you sell a vehicle if you still owe on it or do you have to keep it till its payed off?

[youngsc]

Re: money issues.

1. won't matter cause you will now get less than what you paid for it.
2. yes but you will pay the difference.

Here's my question. You had that much of a compulsory buy? I mean you didn't take the time to say I have x amount available each month that I CAN afford to pay extra for a another vehicle plus the insurance. Wow, I can't imagine putting myself further in debt by saying I want that bike I'll just add more money to my monthly bills. Just go the bankruptcy route it seems to be the in thing to do these days.

[Tom Rs]

Re: money issues.

ford trucks are terrible with gas. My dads 05 250 5.4l gets about 10mpg. I'd say sell it, you can always buy another one

[savagecamaro96]

Re: money issues.

can you not just cancel the insurance on the one your not driving (the camaro i guess) and just park it till you can sell it?

[FadeToBlak121]

Re: money issues.

thanks for the input guys.
youngsc, i did thinnk about it all and i can afford it, its just leaving me with absolutly no money. and i had a buyer lined up for my camaro but they backed out. but yes i admit it was a bad financial decision on my part.
savage, i would but my dad wont let me cancel the insurance because he says if i did then he wouldnt let anyone test drive it incase something happened.

I think i am gunna try and sell it. i bought it for 5500 out the door and i see ones going for between 5000 and 10000 depending on condition. and even if i have to sell it for less then i bought it for, id rather pay the difference then keep having this destroy me.