I bought it about a year ago and now I was thinking about selling it and getting something cheap so I wont have a car payment because I want to buy a house, would I have too much negative if I do this for it to even be worth it?
2007-01-23 02:05:10 · 8 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Smart move.I'm proud to see someone getting rid of something that loses value,for something that gains value. I wish more people had your common sense. Yes you may have to pay a chunk on it,as car mostly lose value the day you drive it off the lot. Good luck in your new home.
2007-01-23 03:13:45 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Call your bank or finance company and see what your payoff amount is. Then go to kbb.com or nada.com and see what your car is worth. Unless you put at least 20% down on the car, you are likely "upside down". You could sell it, but you would have to come up with the difference before the bank would release the title. Whether or not it is worth it is up to you. Do you have the cash to pay off the difference and buy a good used car? If so, then go for it. If not, you are going to be making payments anyway, so it would probably be best to keep this car.
2007-01-23 02:14:42 · answer #2 · answered by J.R. 6 · 1⤊ 1⤋
you can probably sell it right now and actually come out ahead on it,depending on how many miles you have put on it,and if it still looks and drives like new ,but i can see your point,i had a new one also,and found that paying car payments and house payments was too much,so i waited until i got my home payed for before i bought another new one,but you can do alright doing it that way,good luck,i hope this help,s.
2007-01-23 02:11:59 · answer #3 · answered by dodge man 7 · 0⤊ 1⤋
Check the current Blue Book value on the car before you sell it.
Go to www.kbb.com
You may find that it isn't worth as much as you owe on it, unless you have been making extra payments or you haven't been driving the car.
2007-01-23 02:10:17 · answer #4 · answered by Jo 6 · 1⤊ 1⤋
How much do you owe on it yet? Have you researched the blue book value. After only having it a year, unless you've been making at least double payments, you are going to be essentially screwing yourself.
2007-01-23 02:12:48 · answer #5 · answered by Sunidaze 7 · 1⤊ 1⤋
see the blue book then put in paper for " take over payments"
2007-01-23 02:51:00 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Hey you can get a good car thats cheap , i can give you advice you to look at car auctions , http://carauctions.deals-guide.com , wishing you wisdom , such situations are funny, good luck
2007-01-24 04:27:42 · answer #7 · answered by Kristina A 3 · 1⤊ 1⤋
matters how much it depreciated
2007-01-23 02:13:12 · answer #8 · answered by pekaboo 4 · 1⤊ 0⤋