i want to sell my car i have negative equity like 4000 dollars no down payment and bad credit where can i go?

Question

i don't have a clean title on my car i want to get rid of it cuz im in a bad loan but i have like 4000 dollars in negative equity and bad credit .

Answer 1

You can abandon the car, and further destroy your credit. However, getting a repo from a secondary company is a killer, and you won't get a car for a very long time without loads of cash.

Where you can go is to your local Wal-Mart to apply for a part-time job to pay off your car.

You will NOT be able to trade.

Answer 2

Unless this car is a real junker, you won't be doing yourself a favor by selling it, I think. If you do sell it now, the $4000 will be due NOW. Do you have the cash available to pay that off?

If you buy another car, you'll have to borrow an extra $4000 to pay off the current loan. Then you'll still be $4K in the hole, but now you'll have a higher monthly payment. And if your credit isn't good, you'll have a higher interest rate, so your payment gets racheted up another couple of notches.

To me, based on this and what you've said, and assuming that this car is still in some sort of decent shape, your best bet is to stick with this car, pay it off, and build up your credit rating by doing so. It may not be the sexiest set of wheels, but if it's dependable, you can make do without that for awhile.

Then, once the car is paid off, drive it another 6 months, and bank the money that you were putting into the car payment. That'll be your down payment on something newer.

Notice that I said "newer", NOT new. If you can't afford the current car, you won't be able to afford a new one without getting upside down on the loan again. Do the adult thing, be fiscally responsible, or you'll dig yourself into a hole again.

Answer 3

perhaps. a million. It relies upon on what you advise via poor credit. sometimes you will no longer qualify for something yet a complicated money loan in case you have specific varieties of credit themes. 2. a huge down cost might basically be 5% or 10% greater suitable than what you will possibly placed down in case you had sturdy credit. be conscious that the days of one hundred% loans are on the instant ultimate given each and every of the topics with such loans. 3. you may some cases get the broker to take back a 2nd. the recent lender in 1st place sees the 2nd from the broker as comparable (no longer precisely the comparable yet comparable) on your down cost. for this reason you will possibly no longer be putting up that a lot greater suitable. i'm no longer asserting that a broker suppled 2nd is wise as each and every deal is distinctive. 4. On a tangent you would be waiting to do something to strengthen your credit until eventually now removing a loan. Get each and every of the blunders bumped off. See in case you may negotiate a settlement for the products that are detrimental and precise. coated could nicely be an settlement to have the detrimental marks bumped off in case you pay up. 5. in case you have somebody who trusts you and having them supply a assure which you will make the money or they're going to step in can artwork. it would be maximum suitable which you delay buying until eventually you handle some issues. while you're in a marketplace with falling or flat costs you at the instant are not possibly risking a lot via delaying. buying isn't the spectacular determination for all circumstances. while you at the instant are not making plans on staying 3-5 years it ought to value you greater to purchase while in comparison with lease. There are genuine costs to buying and later merchandising which you will no longer get better.

Answer 4

You are in too deep ! Good luck.

Answer 5

Hit up mom and dad.