Edited to add: I’m seeing a lot of comments to fix the AC, editing the post to add that we got quoted $2400 to fix the AC and a check engine light issue which is more than the car is worth that’s why we want to ditch the Toyota I need some opinions. I would appreciate limited judgement. My husband and I currently own a 2003 Toyota Camry and we own a 2016 Jeep Patriot which we are upside down on a loan where we pay $340 per month for. The 2003 Toyota Camry is paid off but it doesn’t have A/C and we both have long commutes to work and I drive our daughter. With the summer coming, we both do not want to drive the Toyota as it would be miserable in the heat so we would like to buy a used truck for my husband as soon as possible. We don’t have any money saved up. So here are the options we are considering: 1. Get a loan for a used vehicle which would be an additional $160 per month (got a quote from Capital One) which would bring our total car loans to $500/mo OR 2. Suck it up, drive the Toyota, and refinance the Jeep to get a lower monthly payment OR 3. Is it possible to do both? I would really prefer to do both but I’m kinda weighing my options. Or should we do nothing because they are both dumb ideas? any kind advice is appreciated.
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