2006-10-04 12:13:17 · 11 answers · asked by man22 1 in Cars & Transportation ➔ Buying & Selling
You surrender the car to the lien holder (i.e. bank). I would not recommend this course of action because it will RUIN your credit. Its better to refinance to a lower rate.
2006-10-04 12:22:27 · answer #1 · answered by California_Cruisin' 3 · 0⤊ 1⤋
You can go talk to the lean holder and see if you can trade them the car for pay off. If this is not possible, try to sell the car to another person for payoff. If this is not possible, then your only option is to either make payments and keep the car, or let the car be repossesed, sold at auction, and still be forced to pay the difference of the amount the car brought at auction, and what you owe on the car.
Good Luck
2006-10-04 12:23:30 · answer #2 · answered by randella_24 2 · 1⤊ 0⤋
First, try and sell it for what you owe, or what you can afford to make up for if you sell it for less than you owe. Second, find someone in the auto acquiring group, ie organized crime, and pay to have it stolen so you then have to pay the deductible plus depreciation. Oh yeah, by the way, make sure you have a lawyer on retainer and you can afford to do the time, because the insurance companies are very good at finding out these scams. In fact, I know for a fact that they and the FBI monitor this blog, periodically. Scarey, big brother is watching, for real.
2006-10-04 12:21:05 · answer #3 · answered by rex_rrracefab 6 · 1⤊ 0⤋
well if you have a lein on the title there is not much you can do you may be able to work out an agrement with a buyer to finish the payments up and then give them the title have a signed noterized contract.or just let it get repoed and find something a little more affoadable. i feel for you went through the same thing about a month ago
2006-10-04 12:19:15 · answer #4 · answered by stardust792004 3 · 0⤊ 1⤋
See if you can find someone who will take over the payments. That's how I got my first car, and both the seller and I thought it was a very good deal.
2006-10-04 12:21:37 · answer #5 · answered by Carlos R 5 · 0⤊ 0⤋
Sell it, doofus.
PS -- to the morons that tell you to surrender the vehicle to the lein holder: they will auction it off for 1/3 it's value and will sue you for the difference plus legal fees.
2006-10-04 13:30:07 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You should sell it(oh, and I recommend a reasonal but slightly expensive price for the car)!
2006-10-04 12:21:32 · answer #7 · answered by warrior_princess_92 2 · 1⤊ 0⤋
try to find someone to buy it by taking over the payments from youthe lender should work with you on this
2006-10-04 12:23:29 · answer #8 · answered by James S 2 · 0⤊ 1⤋
set it ablaze and collect the insurance cash
2006-10-04 14:19:26 · answer #9 · answered by Anonymous · 0⤊ 0⤋
SELL IT SO U CAN GT MONEY STUPID
2006-10-04 12:22:07 · answer #10 · answered by songbird12 2 · 1⤊ 0⤋