First time poster!
About 6 months ago, I thought it would be a really great idea to buy a vehicle that i really didn't have any business buying. I have never been a huge impulse buyer, but for whatever reason i convinced myself that this was a great idea.
Fast-forward to 6 months later. My impulse buying snowballed from the car to various other things and now I am working on correcting my path to become debt free. It has been realized by both my husband and I that this car was a huge mistake and more expensive than what we should have spent.
Currently, i am the only one in the family with a vehicle owned by us. He has a company provided vehicle so luckily we only have one car payment.
I bought the car (2008 Tahoe) for $28,500. After tax and fees, it was about $31,500. I put 3k down and I currently owe roughly $26,000. The car is worth about $27,500. so i'm not upside down in it thank goodness.
I want to sell the Tahoe, and get a car worth about $10,000 so that my payment will be much less and i will be in significantly less debt.
Any thoughts on this? Everything i read online so far has not been very encouraging, but those were from mostly car forums.
Thank you to everyone in advance!!