I pay about $527 for a 2003 Mazda 6s its a nice car but its been wrecked twice i have so many problems with it and the Mazda dealer wont touch it and its Out of Warranty i got to get rid of this thing!
2006-12-28 00:10:32 · 11 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
If you are going to trade it in, know 100% what it is worth. That way you can say, I want X amount of money for this. Most dealerships will work with you on paying it off and rolling what's left into the next loan.
Ex. if you owe 14k and the dealership will give you 10k for it, they will tack an extra 4k to the 'price' of the car you are buying.
2006-12-28 02:55:29 · answer #1 · answered by Ron Porkmore 4 · 0⤊ 0⤋
Many dealers claim to "pay what you owe" on your car, but most of these deals will skyrocket your $527.00/ month payment.
I would recommend selling it to a private party in the auto classified. Get the car fixed the best you can first!!
Also, check Kelly Blue Book on a 2003 Mazda 6s' value, based on miles and condition!
I've been where you are and while it does suck, you can find a way out!
Good Luck!
2006-12-28 00:20:34 · answer #2 · answered by David 2 · 0⤊ 0⤋
rfinancing isn't an selection as even 7 years or 10 received't decrease fee. the basically wa to get out of that is to get 500.00and payoff. longer you've the bigger inequity until eventually 3 3 hundred and sixty 5 days at the same time as extra fairness is paid then pastime as in begging you're paying basically about all pastime and receives a lot less and a lot less until eventually 0.5 way and then oppisite. in case you nonetheless have good credit get a house fairness personal loan as fee is low and payoff that's going to likely be a lot less then if paying on motor vehicle. Then promote can promote to broking service for KBB straightforward commerce in cost wich is the standrard as no motor vehicle is in good condition and used except exotics. pay off and purchase 14,000 Cor for 2000 down and 2500000000000 for 5 years plus residing house fairness personal loan which will be a minimum of 5 factors a lot less then personal loan. say personal loan replaced into 10,000 for 5 years at low APR is about 185.00. you'll pay410.00 for 5 years if have credit you have to be paying 5-600 or extra now. any incorrect way will damage your credit and nowadys is checked for each little thing.
2016-12-01 06:22:43 · answer #3 · answered by ? 4 · 0⤊ 0⤋
dude you owe 14k on a car that has been wrecked twice, man are you screwed you really have only 3 options trade it in and take your lumps, be prepared for a 700 dollar payment, sell it privately for as much as you can, no one is going to pay what you owe on that car so you will have to pay the difference right away so that the buyer can obtain the title or you can leave it running in a bad neighborhood with the windows down and in the front window leave a sign that says free joy rides, and I hope that you have gap insurance
2006-12-28 01:48:30 · answer #4 · answered by Weapon X 4 · 0⤊ 0⤋
if you unload it your going to be buried till your dead. the only way to get from under it is either total that thing or buy a large vehicle...its really gonna hurt you
OK n/m these other people suck.
i sell cars i know......don't call your insurance company and ask if you total it if its covered. insurance will only pay what a car is WORTH not what it OWED...unless you both that fun little thing at the dealership called GAP, gap would pay off the difference between worth and what is owed...hence...gap. if you do decide to trade it in and roll the negative equity into another vehicle then you NEED to buy GAP..ask for it! if that next vehicle gets total led or something...guess what..........the debt it cleared, or should be. know the details before jumping into it.
second. yeah a dealer will pay off your car...meaning they will pay the entire loan off..but they are going to roll the few thousands of dollars that the car isn't worth into your next car....selling it private party doesn't free you of the debt either...and you must disclose that its been wrecked. if something goes bad guess who they will come after once they find out its been wrecked.. be smart and weigh your options...
2006-12-28 02:42:26 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I'm assuming you did not purchase GAP insurance when you bought it because that would give you an out. If you're that upside down, you're going to have to suck it up and keep paying on it. The only vehicles that will offer enough of a discount to absorb the negative equity will be priced in the $30K+ range and you'll be right back in the same payment if not higher, and you'll be just as upside down. You can't trade out of a negative equity situation.
2006-12-28 00:22:22 · answer #6 · answered by Johnny G 2 · 0⤊ 0⤋
I have the same exp like you man! Not i still owe money in my car like 3500$ and tomorrow ill go to dealer see what happens my car's timing belt is broken and i donr want to take chance to fix it chrysler sucking antiocj dealer charge ms like 2500$ for that thing hell no!
2014-12-12 18:07:41 · answer #7 · answered by Mark 1 · 0⤊ 0⤋
Sell, the car on ebay and say it has a few dents and don't lie that it 's brand new since it's not or you can fix it up put in your front yard and say "For Sell" and put your number on it and if you fixed up really nice people will buy it! Problem solved.
2006-12-28 03:55:27 · answer #8 · answered by Anonymous · 0⤊ 0⤋
There's no way you're going to get that much out of it at sale even if it weren't in any accidents. Unless you have full coverage and total it you've screwed yourself over. All I can offer is telling you to learn the lesson and take better care of your investment next time around.
2006-12-28 00:24:04 · answer #9 · answered by Ricky J. 6 · 1⤊ 0⤋
find out what your insurance company will pay it off if it is totalled? or stolen????
2006-12-28 00:20:30 · answer #10 · answered by dragon 3 · 1⤊ 0⤋