Quote:
Originally Posted by KraziAzn
lol welcome to my world
the HARDEST part is finding someone who is willing to buy you car for what you owe...
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Yep. Seeing as you owe over $400 a month I'm going to assume your loan at the time you purchased the car was more than the purchase price, so no matter what if you do owe extra you are going to have to come up with the difference.
I thought about selling my Si before I just traded it in on a cheaper car but decided it would have been a pain in the ass. To sell a car with a bank lein on it you have to pay off the loan first before you get the title (can't transfer ownership without a title), or work out with the bank plans to sign the car over to a new owner. Something as a buyer I would never want to bother with or wait for so I decided against it.
If you've paid down the loan a good ammount since you've bought it you can try refinancing it, or do what I did and buy a much cheaper car and put a large down payment on it to pay off any negative equity.
Good luck, I was in your shoes too, it sucks wanting to get rid of a car like that.