2007-09-18 11:58:52 · 5 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
Assuming you still need something to drive, the best you can probably do is trade down. You're probably going to take a hit on what you get for your car (unless you can sell it outright for what you owe), but you should be able to find something with more affordable payments.
2007-09-18 12:30:47 · answer #1 · answered by TheDougmeister 4 · 0⤊ 0⤋
When you took that loan out you accepted the responsibility of paying it until it was paid off. YOu dont just have a "choice" to stop
The only thing you can do is sell it and hope that you get the amount that you owe on the loan. If you took out a crappy loan and are way upside down then you will still be paying for a car you no longer have when you sell it and get less then is owed.
2007-09-18 19:13:59 · answer #2 · answered by la428282 6 · 0⤊ 0⤋
Yeah, you can trade down. Sell the car, use the money to pay off the loan, and buy another one with lower monthly payments.
2007-09-18 20:00:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Sell the car.
Hopefully you are not upside down on it.
Good luck.
2007-09-18 20:40:34 · answer #4 · answered by Boots 7 · 0⤊ 0⤋
find someone to take over the payments for you.
2007-09-18 19:05:55 · answer #5 · answered by JillardG 5 · 0⤊ 0⤋