I have a 2005 Chrysler 300 Touring with 40k miles. My right fender is demolished and it needs to be replaced and the front bumper also needs to be replaced. I took it to car max and they appriased it for $10,000, because of all the damage they said... Friends have told me to put it in the paper to see if any one is willing to take over payments. Should I repair it first? My payments are $525 a month, I still owe about $21,000, I am a broke college student! It's too expensive! Please help what should I do?
2007-03-26 11:41:11 · 3 answers · asked by afrochapin 1 in Cars & Transportation ➔ Buying & Selling
The damage is not insured
2007-03-26 12:35:02 · update #1
The damage is not insured, it was cause by my younger sister. She drove my car into a pole... I am located in Las Vegas, NV. I have a friend who works for a body shop and even with the "hook up" he estimated over $2,000....
2007-03-26 12:36:09 · update #2
It can't be repaired, it has to be REPLACED, its demolished, so whatever happens, I NEED new parts, which will cost an arm and a leg. Let's say I take a loan to repair my car, should I refinance or have some one take over payments?
2007-03-26 12:38:11 · update #3
Have you gotten any estimates on repair? You could go with a "less expensive" repair - check with Maaco.
I'd repair it before selling - the difference will be worth the trouble. You will have difficulty refinancing a damaged automobile appraised for less than the loan value.
Where are you? :)
Is the damage not insured? You should have full collision if you have a loan ...
2007-03-26 11:53:28 · answer #1 · answered by pepper 7 · 0⤊ 0⤋
I saw your post, after I sent you the email. I didn't realize you already got an estimate, what is Car max? Based on this part of the question, I think you are going to have to get some friends together, and start auto body 101. It's highly doubtful anyone will take over the payments, based on the damage. Did the lender not contact you about insurance? Financing this, you should have carried comp/collision, I'm guessing you couldn't afford the premium. Yeah, you are definately upside down on the loan, hate to say it, but buckle up, it's going to be a bumpy ride, you've got to get rid of the car. Seriously, take a short autobody class,learning the basics. You don't want a repo, you'll be paying forever, and get nothing in return. Again, good luck................can't you just smell the aroma of fresh paint! LOL
2007-03-26 12:36:01 · answer #2 · answered by fisherwoman 6 · 0⤊ 0⤋
If you desire to hold your historic automobile head for your financial institution If you desire a brand new automobile: Find the automobile that you simply desire and talk to the finance man on the dealership. He will provide you figures to get into your new automobile. If you just like the results..... do the deal, if now not save round! You want the next: a million. Settlement of your present finance determine (say £10k) two. A valuation in your present automobile (say £8k) three. the fee of the brand new automobile (say £12k) within the instance you might have to finance £14k to get into the brand new automobile Get Finance choices for two years finance three years finance four years finance five years finance (longest interval) Watch the APR's
2016-09-05 16:58:33 · answer #3 · answered by ? 4 · 0⤊ 0⤋