I want out of my car loan please help.... - Page 2

Mark A · #16 (**permalink**) 06-03-2007, 11:42 PM

How is the truck sale going doutreo? Please keep us updated.

doutreo · #17 (**permalink**) 07-09-2007, 09:21 AM

Quote:

Originally Posted by Mark A

How is the truck sale going doutreo? Please keep us updated.

The truck is still up for sale. I have tried autotrader and a local newspaper, I have only had a few calls.

I am considering a trade-in after I try a friends car lot.

parise · #18 (**permalink**) 07-18-2007, 02:38 PM

You have to at least get it to the trade in value. But wow your note is 650, are you serious. And you went along with that? That is ridiculous. When did you buy that care?

doutreo · #19 (**permalink**) 07-18-2007, 06:47 PM

well, it was mt first car loan. I went to a dealership and had a friend (i thought) that worked there. That was really stupid and now I'm here.What about refinancing the car then selling it for a cheaper price, good idea or bad?

Dru · #20 (**permalink**) 07-18-2007, 09:33 PM

I'm not sure how refinancing the car will help you sell it for less money? Are you hoping to allow someone to assume your loan? Bad idea.

doutreo · #21 (**permalink**) 07-19-2007, 12:35 AM

I was thinking that if the total of the loan was lowered I could lower my sellign price

Dru · #22 (**permalink**) 07-19-2007, 08:17 PM

The amount owing on your loan has very little to do with the price you sell for. Obviously you will need to pay off the old loan and that means selling the car for enough to accomplish that, or pay the difference yourself. The title will have to be unencumbered.

doutreo · #23 (**permalink**) 10-01-2007, 01:30 AM

Quote:

Originally Posted by Dru

The title will have to be unencumbered.

What does that mean?

Truck is still up for sell, it is at a friends car lot. This is so frustrating. I want out of this loan. I am looking for a 1997 Toyota Landcruiser. Cheap and reliable. We are buying a house and having a kid soon.

Arrggh

Dru · #24 (**permalink**) 10-01-2007, 05:32 AM

Free and clear. You have to be able to provide a title with no liens against it.

Try dropping the price $100 -200 dollars every week. The longer you keep it, the more you are paying in payments.

edimalo · #25 (**permalink**) 01-11-2010, 12:47 PM

you can opt for ]car loan refinance and still enjoy your car.

Determine the monthly payment that fits your budget. If you have increased monthly income, then it is better for you to increase your monthly repayments.

Possibly reduce the interest rate of your existing plan so as to reduce overall interest rate. You can reduce the interest rates by negotiating with your lender.

wilcolt · #26 (**permalink**) 01-23-2010, 09:52 PM

I am really interested in this finances thing.Do you need a loan to refinance your car or what.

NIGEL · #27 (**permalink**) 02-11-2010, 11:40 AM

hold y'all why not try and have yourself negotiate your way out for a better ofer on the truck as u could have it sold for its current value and then get the company to cut you some slack for a while cos you have some pressing accomodation issues to handle ... after all you are not leaving the country as i hope and alot more companies have more debts to pay than you say and they are still operational......

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