Excellent news and dangerous information! Our Fiesta died after reaching practically 200,000 miles. It might not begin up anymore and our mechanic stated the repairs would price greater than the automobile was price, so we should always simply put money into a used automobile.
However the excellent news is that we have been in a position to purchase a low-mileage used automobile that solely price a bit greater than our most popular $15,000 funds. In our space, sedans aren’t extremely popular. We couldn’t discover a sedan that match the funds and mileage we had in thoughts. All of them had means too many miles or have been luxurious sedans that have been $5K to $10K too costly.
We Settled on a Chevy Trax
Fortunately there have been quite a lot of subcompact SUVs available on the market, together with a pleasant three-year-old Chevy Trax, which is what we ended up going with. We solely paid $16,500 for it and negotiated a free brake job into the acquisition as a result of they sounded a bit of squeaky. It solely has about 25,000 miles, which we’re proud of. Clearly we paid money, which felt nice! It’s so good to have the cash for an enormous buy already earmarked so that you don’t should stress.
Consider it or not, the Trax’s MPG is about the identical as our previous Fiesta. It tracks the MPG on the dashboard and we’ve been averaging about 37. I’m guessing it’s because we drive primarily on backroads, so there isn’t quite a lot of stopping and beginning and we don’t go too quick.
Insurance coverage is a contact extra at $30 per thirty days. However we additionally modified our home-owner’s insurance coverage to decrease it by about the identical quantity, so it’s just about a wash. We’re additionally excited to have the ability to sleep at the back of the automobile to save cash on accommodations once we go on highway journeys to go to household.
New Job Could Require a Transfer
I needed to get your opinion on one thing else occurring in our lives. My accomplice is vying for a promotion to a different division, however the brand new job could require a transfer. The said wage vary of the position reveals that it could possibly be a 40% pay improve over my accomplice’s base wage. And that’s if my accomplice solely earns on the bottom finish of the wage vary. It’s potential that even increased pay could possibly be negotiated.
It might’ve been much less of a pay leap if bonuses have been nonetheless coming in, however we’ve gotten nothing for the reason that adjustments to the compensation construction. And sadly, we don’t see that altering primarily based on how the bonuses are calculated. This new position doesn’t have as a lot bonus potential, which is why the bottom pay is way increased.
Though we must promote the home and doubtlessly lease an condo or purchase a brand new place, this appears like a chance we should always not go up primarily based on the wage improve. Do you all agree that this sort of pay bump is just too exhausting to go up?
Value of Residing in New Location Is Low
Hire costs for small flats within the new location are solely round $700 per thirty days, so it’s a equally low price of residing space. It’s in the identical state, nearly three hours away. If we didn’t wish to lease, we might additionally purchase a house for the same quantity or doubtlessly even much less. I’m open to downsizing and placing among the cash we make from our dwelling sale into retirement to additional us alongside in our different monetary objectives. What do you all assume?
Clearly nothing is about in stone. Proper now there’s a hiring freeze, which is why interviews can’t proceed but. It looks like hiring freezes happen yearly at this firm, in order that isn’t regarding. It’s going to finish in about two months, so we should always know extra then. However my accomplice has been actively shadowing within the division and having some optimistic conversations in regards to the new position. So likelihood is good that there might be a optimistic consequence. The one hurdle is doubtlessly having to maneuver to the brand new territory. It’s potential we might negotiate to remain the place we’re, however we don’t need my accomplice to lose the position simply due to logistics.
I’d love your ideas!
Learn Extra
Spring Cleansing, Residence Upkeep, and Studying to Drive
The put up We Purchased a Used Automotive appeared first on Running a blog Away Debt.
