So I have to admit I'm one of the people that got this conversation going and as I sit back in my computer chair I have to laugh. It is so easy to stir the pot on here. Some people can be way to passionate on the internet.
Anyway, the OP actually proved my originally point. I'll say it again. A loan (debt) isn't the worst thing in the world when managed wisely. We can all agree on that I think. What is bad is when that debt is compounded by more debt, then more.
Yes, the OP can afford his current 15 year loan. But he admits he also took a loan out on a truck AND on a snow mobile. This is our America today. A buy today and worry about it later society. I don't think the OP (and many people) realize how much INTEREST he is paying with all these loans. It would probably make him sick.
I stand by my statement. Sell it, cut your losses, get your savings built up, then buy something used and less expensive. It is a hard pill to swallow, but I think it is the right pill.
I feel for the op. I've been there for sure. It was a big mistake and I lost money. But since then I've learned a great deal about financial freedom.
I also agree with most of the Dave Ramsey stuff. He has very good intentions and does a great job helping people like me who AREN'T financial genius's make sound decisions. His word isn't law, but it's good nevertheless.
