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Thread: Finance Question

  1. #11
    Super Moderator Getting Dirty 07JeepXK's Avatar
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    That's easy, pay off the student loan and credit card which will free up money each month. Use that extra money to pay more than the monthy payment on the car and before you know it the car will be paid off. Once that's paid off you'll have a bunch of money free each month for the jeep. Just my .02
    2007 4.7 Liter XK | Front Modified OME HD Lift | Rear 4" Superlift | JBA UCA's | Rusty's Rear Adjustable Track Bar | Rysty’s Adjustable Upper and Lower Rear Control Arms w/Heim Joints | Mickey Thompson Classic III 17x9 Wheels | 315/70R17 Goodyear Duratracs | Airflow Snorkel | Flowmaster 40 Series Muffler | Superchips Flashpaq | Mopar Skids | 4xGuard Belly Guard | American Rebel Rear Diff Cover | Rear Powertrax No-Slip | Front Electronic Locker | Rear Heat/AC Delete

  2. #12
    Senior Member Getting Dirty BonesWK's Avatar
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    Thanks for all the replies guys, you have made my decision easy!
    Ryan ---- 2006 WK 4.7 QDII <- Click for Garage
    2.25" RR Lift - Front Bilstiens - Rear OMEs - 32" Wildpeaks - Saguaro 4x Shackles - Tail Light Guards - AFE intake - Rola - Exhaust
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  3. #13
    Member Looking for Dirt
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    And if you get in a pinch, the wife's car can be sold to take care of eliminating that debt.
    2007 XK Limited
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  4. #14
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    Debt Reduction is something I know a lot about, paid off all my debts except my house in 1.5 years (and I had a lot of debt).

    Here is my advice...

    Pay off college loan - $6,600
    Pay off credit cards - $2,300 (and don't use them again)
    apply balance to wifes car - $1,100

    THEN... take the money you were paying monthly for your college loans & credit card and apply it to the wife's car payment.
    2006 XK Limited, 5.7L Hemi
    Dark Khaki, QDII, Rocky Road 2.25" lift, Steel Armadillo front bumper with Warn PowerPlant winch, Steel Armadillo rear bumper w/ tire carrier, Rock Sliders, Light Bar & Front Fender Tube Fenders, 4xGuard belly skid plate & rear differential guard, BFG M/T A/T 255/75R17s on Rubicon rims, Spidertrax 1.5 inch wheel spacers, Rhino Rack Pioneer Tray with FoxWing Awning, Superchips VIVID Programmer, Air Flow snorkel, Steel Armadillo Secure Console, Cobra CB Radio, Lock Pick Video Programmer, ASFIR Skid Plates.

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  5. #15
    Super Moderator Getting Dirty 07JeepXK's Avatar
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    Quote Originally Posted by Knappster View Post
    Debt Reduction is something I know a lot about, paid off all my debts except my house in 1.5 years (and I had a lot of debt).

    Here is my advice...

    Pay off college loan - $6,600
    Pay off credit cards - $2,300 (and don't use them again)
    apply balance to wifes car - $1,100

    THEN... take the money you were paying monthly for your college loans & credit card and apply it to the wife's car payment.

    ^ exactly what I said. Minus forgetting about the $1100 left over that you can put on the car payment
    2007 4.7 Liter XK | Front Modified OME HD Lift | Rear 4" Superlift | JBA UCA's | Rusty's Rear Adjustable Track Bar | Rysty’s Adjustable Upper and Lower Rear Control Arms w/Heim Joints | Mickey Thompson Classic III 17x9 Wheels | 315/70R17 Goodyear Duratracs | Airflow Snorkel | Flowmaster 40 Series Muffler | Superchips Flashpaq | Mopar Skids | 4xGuard Belly Guard | American Rebel Rear Diff Cover | Rear Powertrax No-Slip | Front Electronic Locker | Rear Heat/AC Delete

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