I'm Upside Down and I Cannot Get Up!!
@laughterfromclouds (60)
United States
September 1, 2009 1:55pm CST
Looking for advise on how to get out of a car payment. I have a vehicle that is only worth 10k outright, 7k with trade in, and owe 15k. I really don't want to trade in and absorb the cost because I cannot afford another payment. I don't need the car so I would just like to get rid of it. I haven't talked to the bank yet about my options but I don't think it will sell outright very well either due to some damage and performance issues. Any advise on what to do? Thanks
1 response
@Troublegum (641)
• United States
10 Oct 09
Not that I recomend insurance fraud, but it sounds like the only person who will give you close to actual replacement cost is the insurance company, so make sure you are parking it on busy roads where it is likely to get hit.
If the reason you don't need the car is that you have another one as well, try selling the other one if you are not upside down in it.
