DH and I are seriously considering having only one car this year! My current vehicle is no longer reliable & would need a pretty penny put into it for it to become "legal" again (body damage has affected one of the lights).

With our tax return we have a decent start of a down payment BUT there are some other things we'd really like to take care of debt wise before adding a car note... atleast I would.

I have come to the conclusion that our best plan of action would be to go down to the one car & spend the rest of the year paying down some debt & saving for a bigger down payment. At the end of the year when dealerships are trying to move cars off the lot we'd be in the best spot to make a deal. It definitely doesn't seem ideal right off the cuff but I think we could totally do it!

Could you live with only one vehicle? How long?