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Tahoe sold! where the money will go

March 21st, 2015 at 07:51 am

Tahoe sold. (fast. and sad to see it go)

$21600.. (Carmax offer was $19k so think I did pretty well)

They put down $500 and need to finalize w their bank .. pick up is set for Thursday which is also when I will have the 3rd row seats. If you recall I sold them on ebay thinking I would keep the Tahoe and then a few months later decided to sell it. I bought seats on Ebay last night so pretty even exchange

Money will go towards

1. $17800-pay off Genesis (this car was $32k to me when I bought). it was a 2011 and bought in 2012. will try to buy older cars in the future.. 2-3 years old vs ONE year old..so I do not pay out such a large amount in the future.
2. The rest will go to finish off the emergency fund (for rentals) and maybe savings

Will put the savings from reduced insurance on an auto pilot monthly investment allocation

Hoping to get these 3 units turned over and filled soon (the ones we are working on moving out bad tenants. one for sure out Tuesday or soooner and then plan is to rerent for the 1st.. one has court 3/24)

6 Responses to “Tahoe sold! where the money will go”

  1. creditcardfree Says:

    Congratulations! I'm glad it sold quickly for you and I hope the deal works out quicklly with their lender. Will you use the your former Genesis payment for investments/rental emergency fund or a combination?

  2. Rachael777 Says:

    I had actually paid so far ahead on the Genesis that was not making payments (payments did not start again until May. so worked out). So I guess I was already using the 'Genesis' money towards investments.

    I have saved a total of $10,792 this year and have not gotten my tax refund yet. will work on that Sunday. Tax refund will fund the Roth, go towards rental emergency fund and be used to save more. This does not include 401k moneies. This job I have is the most lucrative I have ever had w pay, 401k and instant vest 3% match.

  3. creditcardfree Says:

    Great work, Rachael!

  4. ceejay74 Says:

    Awesome! Very happy for you.

  5. LivingAlmostLarge Says:

    Wow amazing to sell such an expensive car.

  6. VS_ozgirl Says:

    Great news!

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