i already have another car and dont need this one and really wanting to get out of the loan of the 2nd car but realize im under by 4 grand still, any ideas out there how to get rid of this car
2007-03-19 16:35:35 · 4 answers · asked by miller92405 1 in Cars & Transportation ➔ Buying & Selling
The oldest question in the book. The only way to "get out of it" is to pay it off. Good luck finding someone to pay 4k more than it is worth. Any other way will screw your credit. If you can afford 2 cars, I would suggest paying on it until you get down to what it is worth and sell it. If you can't, cut your losses now and let it get repoed.
2007-03-19 16:40:33 · answer #1 · answered by Mike Hunt 5 · 0⤊ 1⤋
Get a second part time job and apply all of your earnings towards the loan, pay it off and never get into an upside down situation again, it's very costly, doesn't look good on the credit report, and you are paying far more in insurance and the car payments.
2007-03-19 18:50:57 · answer #2 · answered by fisherwoman 6 · 0⤊ 0⤋
sell it for the amount owed minus finance
2007-03-19 16:41:31 · answer #3 · answered by Tonya S 2 · 0⤊ 1⤋
Burn it!
2007-03-19 16:47:49 · answer #4 · answered by Blazin 5 · 0⤊ 1⤋