I’ve been asked this question quite often lately – Should I sell my car to get out of debt? Or should I sell my car to buy a house?
Used cars are selling for a premium price right now so you may be able to get out of the car and maybe even make some money if you have enough equity already in the car. But on the same tip, if you will need to buy another less expensive replacement vehicle, you will have to pay this same premium when you buy another car.
