Sell my 99 golf gl, financial advice?
i have a 99 golf gl which i was changing the color from beige to black with 139k miles on the car in great condition and runs like a top... now my question is if i should sell to and pay what i owe on the car, and to pay off some college debt or should i pay the car off quick as possible and pay college off slowly.. i got a offer thus far for a trade of 1.6k cash and a car for mine... i was thinking if i get 2.5k and the car then itd be worth it.. need some helpful advise thanks
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Usually, you should pay your highest interest debt first.
Often student loans are at low rates.
You owe both and you don't want to ever be late on either.
So pay extra on the higher rate loan. But never overpay so much that you will miss a payment.
Overpaying never gives you the right to skip the next months payment.