I brought (pay for) a car that I brought a few months ago, I am beginning to feel, that I should have got a car a little cheaper. The payments I can manage, but I'd like to try and make ammends. Do I have any recourse, the car's worth 15K and it matures in 2012. The payments, if'd taken time and planned this better could have been better, can I get rid of this car somehow, and get something more economical. What's my options am I stuck with it now?
Thanks for all the serious answers ..
2006-11-21 02:07:20 · 6 answers · asked by InnerSymbiance 3 in Cars & Transportation ➔ Buying & Selling
My gosh, a lot a very good answers, I'm sorry I can only pick one as the best!, a few of you gave really good answers, thank you for taking the time to give such good answers!
2006-11-21 05:22:20 · update #1
Yes you do, You could take the car to carmax and see what they would give you for it and being the fact that you only have had the car a couple of months ago the depreciation shouldn't be that drastic. Or you can sell it privately for what you owe in the news paper or you can buy a for sale sign and stick it in the window.. You could also call the company that financed the car for you and explain it to them and ask them what are your options, You can pose the question to car dealers as well via email so they don't haggle you about buying another car through them. You could give them the car like I did Last year and agree to make payment on the remaining loan after they sell it and get their money back wouldn't shouldn't be that bad considering your 2-3months with the car...........hope I was helpful
2006-11-21 03:30:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You do have some options, the first obvious answer is to pay on your vehicle until 2012 by that time you probaly could have bought a halfway decent airplaine. Or you could look through the sunday paper and find a really cheap lease deal most of the good deals right now are with chrysler jeep or dodge. They have enough rebates to eat up all the negative equity. If you get a 24 month lease you will be done paying in 2008 instead of 2012. Im pretty sure Grand Cherokees are the cheapest right now or possibly Libertys.
2006-11-21 02:57:35 · answer #2 · answered by mattD 1 · 0⤊ 0⤋
your only recourse at this point is to sell the car or trade for another car. Trading cars often is not a smart economical move because they are a depreciating asset and lose their value quickly. Probably the best move would be to keep the car and learn from this.
2006-11-21 02:12:16 · answer #3 · answered by SKYDOGSLIM 6 · 1⤊ 0⤋
Start looking for another vehicle you like and trade in that car you have. Or you could refinance your car loan for lower payments. Also you should put more of a down payment when you trade in your car for another i say about a thousand dollars.
2006-11-21 02:12:37 · answer #4 · answered by lilkj2282 1 · 0⤊ 0⤋
quit looking at the sales ads... do you like your car... no youdont have any recourse unless you are willing to lose.. Remember you bought a car at retail you can't trade that way, so enjoy your car.....
2006-11-21 02:30:23 · answer #5 · answered by ? 2 · 1⤊ 0⤋
ever hear the expression," let the buyer beware" u made the deal and r stuck with it...
2006-11-21 02:11:24 · answer #6 · answered by Anonymous · 0⤊ 0⤋