i really need to get rid of this car.. even if i have to take out a loan to even out the money
2007-05-21 12:31:19 · 7 answers · asked by morecowbell1285 1 in Cars & Transportation ➔ Buying & Selling
You can probably find someone to pay you a downpayment, and then assume your payments. You'll have to have the car dealer draw up the paperwork I think, not real sure, but I've seen ads in the paper all the time from people looking for someone to assume payments on a car they can't keep.
2007-05-21 12:34:51 · answer #1 · answered by Jadalina 5 · 1⤊ 0⤋
if you still need a car take it to a dealer and they will assume the upside down portion into the new loan. use a car with high value retention (VW, Honda, Acura, etc) so that it does not get worse
if you are ridding your self of this fad invetion known as the automobile then you would need to take a personal loan out at a rate 2-3 times higher than your car loan and then pay off the loan and sell the car privately take what ever you get and apply it to your loan and then continue to make payments until gone
2007-05-21 19:41:39 · answer #2 · answered by HD 3 · 0⤊ 1⤋
You may have to eat the loss. You can only sell the car for what someone is willing to pay for it. If you owe more than the current retail value of the car.... you're screwed, unless you can find some fool who's willing to pay more. Generally car loans can leave you in this situation, which is why they should be avoided if at all possible.
2007-05-21 19:35:52 · answer #3 · answered by squeezie_1999 7 · 0⤊ 0⤋
If you have a little time, sell it outright, do not do a dealer. Try CarSoup, eBay motors, or other online sites to help you. Put it in the paper in a lot of cities. Never tell anyone you are motivated to sell, make it sound like you have a lot of offers, you are just waiting for someone to show you the money.
2007-05-21 19:35:30 · answer #4 · answered by thevonbankfamily 3 · 0⤊ 0⤋
The fastest way would either to take it to a dealer and see what they'll give you for it, or to put it in the AutoTrader and see what happens. The dealer will give you a lot less than a private party sale, but it would most likely be quicker.
2007-05-21 19:34:42 · answer #5 · answered by fonzarelli_1999 5 · 0⤊ 0⤋
Try CarMax if you have one in your area. You'll get an instant quote. You may be able to get money by selling to an individual by advertising in your local newspaper, "autotrader" magazine, craigslist.com, or eBay but it won't be as easy.
2007-05-21 20:11:42 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Wreck it and get the insurance money.
2007-05-21 19:33:48 · answer #7 · answered by ? 2 · 0⤊ 1⤋