The only sucky part here is you'll have to eat the 2,000 that you're upside down by.
It's the same amount no matter how you look at it, but what if that $2K that you are underwater was just on a credit card? You'd probably just rush to pay it off. You aren't losing it on selling the car, you already lost it on the wedding. I hope this logic makes it sting a little less to get rid of the car, which I think is what you should do.
And please do buy something better than the Nissan you are eyeing.
That does make sense. Thanks for pointing that out catccc.
In my opinion, it really depends on...
1.) What you mean by "smarter", and
2.) How much you owe on the CR-V.
Losing $2000 on the upside down car is worst case scenario. I owe about $13,000 on it. I will definitely shine it up prior to the posting.
The Nissan Versa asking price is $7400 – I would like to find something decent in about the $6-$7000 range that doesn’t have 100k miles on it. This car has 70k. Decent used cars are pricier then I anticipated!
By "smart" I mean - its going to take us quite a while to pay off 13,000 but we could cut the time in half by only needing $6000.00, plus better mpg.
Sounds like from the advice I should be patient and keep looking. … Thanks for the feedback!