2007-08-21 10:56:07 · 7 answers · asked by sesi714 1 in Business & Finance ➔ Personal Finance
I'd check local credit unions. If they can't help, I doubt you'll find anyone who will give you a decent rate otherwise.
2007-08-21 11:02:23 · answer #1 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
How about borrowing the money from friends or family and repaying them payments and interest?
Do you own a home? You can open up a Line of Credit and use that to make payments. Or even if you don't own a home, you can still apply for a personal line of credit or a personal loan through any bank.
Or you can sell your car for the final payoff amount and get a new car. Try Capital One if you go this route(www.capitaloneautofinance.com). Minimum purchase price $7500. You just got to make sure you can afford the payments. They have payment calculators on their website so you can see how much it'll cost. Since your credit isn't that good I would use a high interest rate like 11% or maybe even 13% to calculate your payment. The highest loan term is five years (60 months). They'll let you know if you're approved within minutes and send you a blank check if you are. I think they give you 90 days to use it. I can't remember what the max loan amount is but all the info is on their page.
Don't forget you have to pay sales tax and registration fees through the DMV, so you'll want to figure that into the total price of the car as well.
Hope that helps. Good luck.
2007-08-21 11:34:01 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Talk to whoever you have the original loan with, tell them you are having problems and would like to negotiate a new payment or refinance. Tell you do not want to have to turn the car back to them. Believe me, they do not want your car. Ask if you can transfer title to someone else. If so then maybe you can get someone to give you a bit of cash and then take over the payment. If they are inflexible then I would try to sell it outright and get out from under it that way.
2007-08-21 11:31:25 · answer #3 · answered by Don 5 · 0⤊ 0⤋
If you can't make the payments, you need to SELL the car. Don't bother refinancing.
2007-08-21 11:24:50 · answer #4 · answered by STEVEN F 7 · 0⤊ 0⤋
Time to unload and get a cheaper auto before your credit is bad.
2007-08-21 11:05:09 · answer #5 · answered by Alex G 2 · 1⤊ 0⤋
Stop trying, you are going to make your credit worse.
2007-08-21 11:12:07 · answer #6 · answered by Pysees 2 · 0⤊ 1⤋
Sell your car and buy another one (With cash)
2007-08-21 13:05:36 · answer #7 · answered by Anonymous · 0⤊ 1⤋