Okay i bought this truck and now i realize that the notes are to much and i 'am about 5,000 upside down on the note what can i do about this and sale and clear my name on it it"s a 03"ford f150 ex ccab xlt red with sun roof in houston tx.
2006-06-14 16:40:36 · 7 answers · asked by lovlisuzy51880 1 in Cars & Transportation ➔ Buying & Selling
Just stop paying the note and drop it off at the dealer where you bought it. That is called a voluntary repossesion. It will hurt your credit and the bank may try to sue you. -or- Call a lawer to find out if you can declare bankruptcy. -or- Get a part time job to cover the cost of your monthly payments and keep it until you are no longer upside down.
2006-06-14 18:19:03 · answer #1 · answered by DR 3 · 0⤊ 0⤋
OK try this .... Go to Carmax and get an estimate. See how much you are upside down then go to the bank and apply for a signiture loan to cover the neg equity. --- Its better to pay off $5000 than be upside down on a car that loses value every day with miles, gas prices and damage....
2006-06-14 16:45:55 · answer #2 · answered by theevilfez 4 · 0⤊ 0⤋
the only way to get out of the loan is to sell it for what your payoff is. You are responsible. Yousigned the contract. If you bought any back end products, warranty, credit life, etc, you can cancel them which will lower your payoff. Good luck.
2006-06-14 16:46:11 · answer #3 · answered by typhon1991 3 · 0⤊ 0⤋
make sure insurance will cover gap between pay off and insured value then as in the imortal words of the ojays"BURN THAT MOTHER DOWN,YALL!"
2006-06-14 19:25:25 · answer #4 · answered by badmts 4 · 0⤊ 0⤋
put it up 4 sale for what u owe and take over payments.
2006-06-14 16:46:54 · answer #5 · answered by Wild purple p 1 · 0⤊ 0⤋
What language are you asking your question in? I'm afraid I can't understand a word.
2006-06-14 16:46:48 · answer #6 · answered by Jules G 6 · 0⤊ 0⤋
Dump it to someone whom wants it immediately
2006-06-14 20:28:40 · answer #7 · answered by Rob S 1 · 0⤊ 0⤋