The title of our recently-bought used car was finally transferred after a week we bought our buddy’s car for RM8,000 while he bought ours for RM20,000.
All in all, we spent about RM800 on car inspection, seat cushion refill, title transfer and new auto insurance.
Hubby and I have talked about what we should do with the RM820 (monthly auto installment payment for the previous car) since there is no more car loan installment payment starting this month. Can you believe it? We are out of auto loan debt! 
Here’s kinda what we’re thinking:
A. Toss 1/2 in the emergency fund until the fund is equivalent to 6 months’ expenses.
B. Let hubby keep the other 1/2 and see if he will save up for the car body spray that costs approximately RM600. Put the monkey on his shoulder. ^-^
Have you thought of trading in your big/expensive car for a smaller/cheaper car that can reduce your monthly car payment to a more affordable one or better still, instantly settle your existing auto loan balance once and for all?
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