Lots of great responses here, it’ll take a bit for me to respond appropriately. I appreciate everyone’s input.
I’ll say that I’m feeling the pain of irresponsible spending once I bought my Alltrack, and the worst part is I’m super invested in a car I now regret purchasing, because I wish I got a DSG lol. Most of my credit card debt is from parts I bought for the Alltrack. I was in 3k of debt when I got the car. Currently around 10, and I paid 1500 last month. Those parts are all sitting around uninstalled. I have the cash to pay off most of the debt but then I’d be broke which is equally disconcerting.
this offer from this guy would be enough for me to get straight out of debt, and then I’d sell my thousands worth of BNIB parts and get even more money back once the debt is paid off. At that point I’d be splitting my gf’s car payment which is 370, so 185, compared to my car which is 420.53. so I’d be saving another $235 a month or so in payments, while also not paying $300+ /month on credit debt. I also wouldn’t be paying $165/mo in car insurance.
I also just got a promotion and I’m now making 19k more than I have been the last few years, so the Equation really is stacked in my favor here.
I’d be saving $~700 a month in bills for about 7, 8 months (September to March/April), and when my tax return/bonus comes that’ll be another lumpsum ~10K or so. Hoping the market settles somewhat by then, I feel this is a once-in-a-lifetime opportunity to “change my cards,” not just play the hand I’m dealt (or, more accurately that I dealt myself
More relevant info here, when I got my car last year I lived at my gf’s parents house. Now that we’re on our own, it’s been a big wake up call on managing my money properly. That’s why I want to do this - I care more about setting myself up for the future than committing to owning a car that I no longer want, just on the principle that thus far I’ve traded my cars too often.
It’s either “work my way through” the current situation which means I wouldn’t be out of CC debt until March 2023, or take this dude’s offer and make some big adjustments to my life to set myself up to be able to afford a house in the next few years.
which still lends to not buying a more expensive SUV when the time comes to get another car. I do work from home and I do think me and the lady will be able to split the car without too many issues. So likely I’ll just buy another Alltrack SEL DSG with Marrakesh come Spring time, lol. I still love my car I just wish it wasn’t a manual. I went with the manual bc it felt like the last opportunity to do so, but that only matters if you really CARE that much which I thought I did, but I don’t haha.