i bought my car last month, and i tought i can affored it. but like most people i never include insurance, now i cant affored my car. does anybody know what i can do, my credit is already mest up so i dont care about the credit. i just want to get rid of my car.
2006-07-16 16:07:11 · 3 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
You can probably bring it back, but you are going to pay! What they will most likey do is sell it and make you pay the difference of your loan.
2006-07-16 16:11:22 · answer #1 · answered by Flower Girl 6 · 0⤊ 0⤋
it sounds like you got the car from a dealer and signed a lease/loan?
if not, try selling it privately, in classifieds or online. you may be able to make your money back.
if you did get it from a dealer, that's much more difficult. it's likely that the resale is not nearly what your purchased it for (unless you got a really good deal), so even if you were able to sell it, you would still owe the loan company a bit of money. if your credit is already bad, you may want to consider filing for bankruptcy. it will "blacklist" you for a few years to credit card companies, and you'll be looking at higher interest rates until you are in the clear (usually 7 years), but if you are already having trouble, that can be a good thing.
its always a good idea to avoid bankruptcy, if possible, but if you have really dug yourself into a hole and have no other avenues for relief, it will save you from being sued and having your wages garnished.
do some research or consult an attorney to find out if its right for you.
2006-07-16 23:21:05 · answer #2 · answered by lostatlimbo 2 · 0⤊ 0⤋
normally have a 30-90 grace period better hurry up & ask which one you have! After that it is considered a repo!
2006-07-16 23:11:02 · answer #3 · answered by Anonymous · 0⤊ 0⤋