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

Question

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.

Answer 1

Did you know all this when you bought it? If so, there isn't a whole lot you can do to back out of a sale. You might be able to resale the truck to another person and use that money to pay off your car note. You can take it back to the dealer as a voluntary repo, but that will ding your credit just as much as a regular repossession. Next time, take care when purchaasing a vehicle and read your contracts.

Answer 2

Unfortunately, there isn't much you can do. You can either try to sell it on your own and get as close as you can to the payoff amount or the only other thing you can TRY to do is find a less expensive car and depending on your credit see if the F&I person can roll your difference over into the new loan.

Answer 3

try to find a late model vehicle with high mileage. you can buy it cheaper because of the miles,but you might be able to get a bank to finance the retail amount,thus burying as much as the 5 grand as possible

Answer 4

dont start qustions with Okay...you sound like an idiot..and idiot who drives a pickup