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So I have been tossing and turning at night on whether or not I should sell my motorcycle to completely be debt free and still have extra cash left over after the fact. I really love this bike and had a lot of plans for it and just can’t seem to list it for sale.

I know for sure I could get 7k for it and my credit card debt is only 4k dollars. I know there are other bikes I’ll be able to buy in the future but it’s just been on my mind a lot as of late as to what I should do. I am making payments on my debt but at this rate I won’t be able to pay everything back until the end of the year. What would you do? :cry2:

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The end of the year is only 6 months away. I'd keep the bike and keep paying on your debt if you love the bike that much. If you were to get rid of it and got a new one in the future, you'd end up paying more.

 

It'd be a different story if you weren't able to make your payments..........but you're only looking at 6.5 more months on the track you are already on.

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The end of the year is only 6 months away. I'd keep the bike and keep paying on your debt if you love the bike that much. If you were to get rid of it and got a new one in the future, you'd end up paying more.

 

It'd be a different story if you weren't able to make your payments..........but you're only looking at 6.5 more months on the track you are already on.

I agree with this. $4000 really isn't an enormous amount, and 6 months to pay it off really isn't very long, either.

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4K isn't enough to warrant selling something you love and enjoy. If you're having a kid, or have some medical dealio you have to fund... that's when you sell the beloved bike.

You're paying off the debt, and it will take a little longer - but at the end of that time, you have the bike, and I bet you won't regret it.

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The end of the year is only 6 months away. I'd keep the bike and keep paying on your debt if you love the bike that much. If you were to get rid of it and got a new one in the future, you'd end up paying more.

 

It'd be a different story if you weren't able to make your payments..........but you're only looking at 6.5 more months on the track you are already on.

I agree with this. $4000 really isn't an enormous amount, and 6 months to pay it off really isn't very long, either.

 

+1

Aside from medical issues and other emergencies, it would be worth selling if it was going to take you 3-4 years to pay off your debt.

 

Along that same line, do you have any cash assets that you could dip into instead? If you have a sizable emergency fund use some of that to pay down debt then replenish the fund with the increased cash flow.

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