"I traded in my old car to put money towards a new one."
How I did it: I had my Jetta since I was 17..it was my first car and it was paid off so I didn't want to get rid of it. But after 8 years, I was paying more to fix all of its problems from being old. So it was more worth it to just trade it in and get some money for it and put that down on a used car which is what I did. I'm paying a car payment but a Toyota Corolla is known to be a good car. :)
Lessons & tips: Keep your car if it's paid off for as long as you can but if it's constantly costing you hundreds to fix problems, then just trade it in before it's too late.
Resources: parents, friends
1 person found this helpful