<prompt> Human: Any logic to this?I have A 7,000 credit card debt with 11 interest rate.I have a 2010 chevy equinox with 100,000k milesI got a quote from carmax to buy my car for 7,000.We need a car and my wife has a business.Should we sell the car and buy another Chevrolet Equinox with less miles and put it in her businesses name?I found a 2015 for 15,000 with 25kmiles. We decided to put two thousand down from the 7k offer from carmax and two thousand from the business. 5k would go to the credit cardSo we would then have a car payment of 220mo and a car with less miles. And closer to paying off the cc.Any logic to this. Is this totally ridiculous. Paying off a cc is hard as hell.Thanks all  <response>: Ive bought four cars from Carmax and traded in two. If Carmax offers 7,000, you can probably sell it to a private buyer for 9,000. Do that, pay off your credit card completely and use the 2,000 left over as a down payment to get a better car at a lower interest rate. Or, if you really want to be prudent, just buy a 2,000 car with the profit and put what youd put toward a car payment into savings. You can use it for repairs as needed and build up a safety net. A financial safety net provides much more peace of mind than a 2015 Equinox. 