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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
Stephen is going the distance
I couldn’t have said it any better myself. A used car is a much better value than a new car and buying one that you pay off and keep running will let you save so much extra money over time. Thanks for sharing!
