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Old Mar 18, 2008 | 03:37 PM
  #46  
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Megatron
TF-Plasticrack Crew
 
Joined: Oct 2005
Posts: 2,644
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From: NW of Chicago, IL
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To answer the original question: Pay off the bike. That interest rate is god awful.

AND...

1. Sell the bike. If you take a step back and truly evaluate the situation from a cost/benefit & risk standpoint, the bike is an overall risk.

Maintenance costs, insurance costs, and increased risk of bodily injury for something that you can only ride 7 months out of the year. One nasty spill on the bike, and your whole "get out of debt" plan goes straight to the shitter. You can always buy another bike when you're back on your feet financially.

2. Sell one of your cars. Whichever one you can move first.

Also, go through all your possessions. If something is of value and you're not using it or don't care about it, pop it on e-bay. You can generate some extra dough that way to chuck at your debt.
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