im upside down on my car and can not...

[sarai56]

...refinance whats next? I want to get rid of it?

[OPTIMIST]

Well in our area they have a weekend "car mart" where you pay a nominal fee and place your car on their lot over the weekend and they watch out that its safe. People come to the lot and give you a call to come down and let them test drive it and everyone lives happily ever after.ORYou can place it for sale with a sign in its window and maybe park it outside of where you work or create an ad on Craigslist where folks swap and sell things they don't want or need (great site and reasonable)You may have to pay a small amount to make up the difference if the car is upside down with your bank, but its a small price to pay for peace of mind. Good luck and I wish you a happily ever after.

[jazzyjen]

You can try selling it for what you owe, or at least most of what you owe on it. If you clean it out to the max, and put a shine on it, it should sell easily. Look at the blue book value to get an idea of how much it is worth. Advertise in the news paper classified, or one of the other advertising papers that specialize in selling cars. When you know what it's worth, don't let them talk you down too easily, but if it's not selling you can say your price, or best offer. This route is better on you than getting it repossessed and getting bad credit because of it. Even if you still have to pay some when the deal is done. You can bet you will be more interested in getting a good price for it than the dealers, because they have you to fall back on to make up the difference if it doesn't get what you need. Good luck!!

[brwnidjkmo]

Unfortunately there is no easy way out. If you can sell the car for more than you owe then you are ahead. What I do is buy a used car that I can afford to pay cash for, or mostly cash so I do not have this problem. I guess you found out what it means when the dealerships say" we will pay off your trade" and then they whisper something like "all negative equity goes towards the balance of the new vehicle."Car dealers are slick, it is best to do your homework before you shop.So , anyway, my advice is sell the car for what you owe, or more on your own. I have seen people try to sell a car by saying that the new buyer can take over the payments, I have no idea how they do this. I guess they would have to help the next owner apply and get a loan.Good Luck...I hope this helps a little.

[Carl M]

can you advertize in a classified paper or you can do a volintary reposion. contact the company you make your payments to.they will tell you the next availible time thay can pick up car you should be at the place they pick up the car from .to sign a document then the car goes to a auto auction after that they send a letter probley you have to pay for the differance.that they lost.

[d.nickerson82]

sell it for what you owe, and hopefully you can atleast break even. now youre back to square one.

[thetechnitiondude]

Trade down to a car that you can afford, you might loose money but you Will be in a better position. Explain to the car salesman what your situation is, maybe he will help you out. Even better take your car to where you bought it and explain your situation, he might be a lot more motivated to fix your problem.