2006-11-19 19:31:55 · 2 answers · asked by Heell yeaah! 3 in Cars & Transportation ➔ Buying & Selling
Sell the Car for a price and "take over terms" which means the finance company signs you off the loan and the new person on.
Or sell it with 2 cheques one to you one to the finance company clearing the debt. This is based on the car being used as security on the loan. If it hasn't then you can sell it as you feel fit.
2006-11-19 19:35:14 · answer #1 · answered by joe c 2 · 0⤊ 0⤋
You made a bad move by buying more car than you could afford in the first place. Why are you looking to do the same thing again? The only time it makes sense to take on a new car payment is if you intend to keep the car for a long time. Otherwise you should just buy whatever used car you can afford.
Keep the car.
2006-11-20 07:01:31 · answer #2 · answered by Big R 6 · 0⤊ 0⤋