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May 12, 2006
Suffering From a Case of a Fool and His Money
Not too long ago I blogged about dumping the lease on my Chevy Avalanche, which incidentally the only way to do this is have somebody else take-over the lease payments or sell it for the amount of the buyout on the vehicle.
Now, not only do I have the vehicle for another year and a half, summer is coming and I have nothing to tow behind my truck. I have found myself visiting RV dealers and looking at camping trailers. Yup, considering taking out a loan to get one so the family can go on a bunch of getaways this summer. Am I being foolish by creating yet another desire for an expensive toy? Probably! I am hoping that by sitting here and blogging my wish for a trailer that some wisdom might enter my mind - Nope... Not working...I think I am going to look at a couple trailers again tonight - Hey, as the salesman said "If I buy now I can have it in a week, but if I wait it might take until August for delivery of the trailer"...Oh well, it's only money and life is short
I'll keep you posted on this one...I better go make more money now to pay for all these loans...
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Comments
So you want to dump a car lease? It may sound very easy for someone to take over the lease but for a high end truck like that, most people do not have the cash on hand to take over the lease, you would ask for some sort of deposit, since you only have less than 18 months remaining?
If you sell it for the buyout amount on the lease, will you be free and clear or are there any hidden fees, such as excessive mileage charges, penalties, or excessive wear and tear on the truck...
If you only have such a short time left on the lease why not just keep it? You can never go wrong with a chevy truck... Why do you need a trailer to tow behind it just for summer fun... Why not get an inexpensive tent trailer? A lot less than a travel trailer, just as comfortable, and a lot easier and more portable.. Or why not just get a couple of large tents and some camping equipment throw them in the back of the truck and just take off...
It all comes down to wants and needs.. Can you make do with something simpler? Will the kids remember the fancy trailer, or will they be just as happy camping in a tent and just enjoying the great outdoors with their parents?
Making memories that kids will treasure for a lifetime does not need to be expensive.. It just comes down to making wise financial choices that give you the freedom to live without fear od debt piling up...
Posted by: Thrifty Mom | May 16, 2006 09:50 PM
I think you should buy a nice brand new travel trailer and then let me borrow it so I don't have to buy one.
Ryan
Posted by: Ryan | May 19, 2006 06:46 PM