Would you sell car to clear debts??

consnmattsmom

Looks as though we are going to be stuck with debt and the car. :rolleyes:

We owe £8600 for the car and have only been offered £6500 from a garage to downsize and looked into selling it private and can only expect £7000 max that way. Which means we can let a garage have it and the cheaper new car we have we will then have to borrow £2100 on top of the new car to clear the existing finance which doesnt really make sense to do.

We would be about £3000 less in debt but end up with a much lower value car than what we have now.

Any suggestions?