5k under for car loan

AlwaysLurkin

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Owe 11.5k car worth 7k...how do I get out of this?Really just want a newer car..something with decent power and can drive in snow.Should I trade it or just keep paying cause it is pretty cheap :lupe:
 

SeveroDrgnfli

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Don't buy new cars. It's usually a bad idea. I get people don't want to pay for major services. But I'd rather own my car, which I do, lol, I'm actually giving it away this Friday.

Never thought I'd see the day. I don't think I drove my car all year, so there's no point in paying insurance on a car I don't drive.

I also don't live where it snows and live in a city so a car isn't necessary.
 

marcuz

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chump that L and buy a pre-ceritfied used car next time.
 

ManxOfxThexYear

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My muthafukkin self
Grab a pair of gloves and a ski-mask, steal that shyt and report that shyt stolen. If you need money for a car, throw in robbing a bank too. The world is yours breh, don't be a bytch.

:evilkermit1:

Celebrate by finding the baddest bytch, skeet and make him raise that seed like it was his own.
 
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Amy Traphouse

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You have full coverage and gap insurance?

Have someone steal it and run that bytch into a wall to make sure its a total loss.

Or you can trade it in if you aren't too upside down on the note.
 

AlwaysLurkin

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I was thinking about paying it off then selling it...I know I can get a decent amount for it.Might be hard to find someone that wants it tho
 
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Owe 11.5k car worth 7k...how do I get out of this?Really just want a newer car..something with decent power and can drive in snow.Should I trade it or just keep paying cause it is pretty cheap :lupe:


You nikkas really need this explained in 2016?

My nikka, did you purchase GAP?
 
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Occulonimbus edoequus
1. Pay it down and sell it on the private market. (You will always get more than trade in)
2. ... If something happens to it...payoff or check.(Make sure you have GAP)
3. Don't flip negative equity into a loan. You will get fukked. Every time. The least evil is to find something new with rebates that will eat it. Never flip negative equity into a new used car loan.

Go to Carmax and see what they will offer you.
 

Groanman

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THREE-OH-FIVE TILL I DIE
A car loan?
What the fukk is that?!

I keep telling you proud ngas to go online and buy you a ride from an auto auction.

For instance....you can get a salvage ride with damage in the front for a fraction of what that same ride would cost you at a dealership.

You bring it to a body shop.......let them hook it up.....then you take it to the DMV and have it inspected......

Nga!!!!!


A car loan is for sucka assed suckas.
 

winb83

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Owe 11.5k car worth 7k...how do I get out of this?Really just want a newer car..something with decent power and can drive in snow.Should I trade it or just keep paying cause it is pretty cheap :lupe:
2 questions.

#1. What's wrong with the car you have now?
#2. Do you have the $4500 needed to sell it and be done with it?

I never really get how people get negative equity on cars. When a person buys a new car they need to be putting down that 20% and they shouldn't be trading in cars they don't own outright. Getting negative on a car requires doing silly stuff people know better than to do.
 
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