Car fucked

Apr 30, 2008 11:22


Man, It cost me $75 to fill up my tank Saturday. I need to get rid of this thing. 
Here's the issue. I owe 15k on my car. When I bought it the bluebook value was like 21k and I got it for 17k after trade plus warranty. The bluebook on it now is like 8-9k trade in, 10-11k private sale. 
So clearly I won't get as much as I owe on it. I don't think I ( Read more... )

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Comments 2

all_ephemera April 30 2008, 17:24:15 UTC
The bank owns your car, not you, so you can't sell it without paying off the loan.

You could try to roll it over to a new car payment on a car - if you had money to put down you may be able to work it. I don't know about a lease - I don't think, given your traveling, that's a good option for you because you pay per mile over a set # of miles on the lease. Very pricey.

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kingoftherotten April 30 2008, 18:05:20 UTC
It's not the best option, but you can pay a little more per month for a higher mileage.I think my parents get 15k/yr, of course I think i put 25k on my car in 13 months.
Yeah, when I traded in my last car I rolled the money left on it into this one.
Thanks for the info.

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