i bought the car last year... took out a six year loan.
payed for one year.
just moved, insurance went up to which i cannot afford.
i would like to get rid of the car. hopefully break even.
the car has 15k left to pay. and kelly's blue book says its worth 11k.
the dealership wont buy it back. and theres no way to sell it for 15k.
what are my options?
i think i may be royaly screwed.
2007-01-22 07:19:20 · 9 answers · asked by andy-warhol-buyer 1 in Cars & Transportation ➔ Buying & Selling
wait till its icy out and slide it into a tree enough to total it and the insurance company will pay it off or have a friend steal it collect the insurance lol
2007-01-22 07:28:25 · answer #1 · answered by dontstandoncorners 5 · 0⤊ 0⤋
Well, the more you wait to sell, the lower the value of your car is going to get. I strongly reccomend not selling it to a dealership, as they are going to give you much less than you can get in a private deal. Take out an ad in your local classifieds asap. Go to cars.com or autotrader.com. Whatever you do, get rid of it soon before the value goes down any further. Every extra mile and every extra day you spend with that car will cause you to lose more money.
Don't sell out too quickly though. Try and get the $11,000 KBB says it is worth. Don't sound desparate when you are talking to a potential buyer. You may also want to try ebay, although I haven't had all to much luck on there in the past.
2007-01-22 07:29:02 · answer #2 · answered by Cunohans 2 · 0⤊ 0⤋
I think you royally screwed yourself. It's usually better to pay cash for a car you can afford.
For some reason, most people think that the way to buy a car is to put money down and make payments.
I'm just curious. Does the "thumb down" that just appeared mean that this person thinks that people should buy a car they CANNOT afford?
2007-01-22 07:23:10 · answer #3 · answered by Joseph C 5 · 1⤊ 1⤋
If I were you I would look into maybe taking a grand or two and letting someone take over the payments maybe a close friend or family member someone who you can trust to make the payment on time so your credit will not be damaged to much.
2007-01-22 07:26:17 · answer #4 · answered by msbubii 1 · 0⤊ 0⤋
Get some factor observed as "Ozium" it extremely is a twig that they sell many situations at motor vehicle area shops, what it extremely is , is a heady scent including new motor vehicle heady scent, spray plenty of it and roll up the residing house residing house windows, then bypass decrease back to it later and it ought to shield it.
2016-11-01 00:19:13 · answer #5 · answered by ridinger 4 · 0⤊ 0⤋
try to put a for sale sign in your car and try to sell it yourself
or use it as a trade in for a smaller cheaper car or see that someone can take over your loan
2007-01-22 07:23:34 · answer #6 · answered by silverearth1 7 · 0⤊ 0⤋
put a ad in the local paper or something to take up payments.
or you could also list it on eBay www.ebay.com
2007-01-22 10:09:01 · answer #7 · answered by Lauren D 4 · 0⤊ 0⤋
someone can take over your loan
2007-01-22 07:22:22 · answer #8 · answered by krystal c 3 · 0⤊ 0⤋
You are screwed.
2007-01-22 07:23:22 · answer #9 · answered by disturbed 3 · 0⤊ 0⤋