I bought a car and over paided and with a high interested rate. I don't think i could keep paying for this car in the future the way the ecomony is I'm thinking of Returning the car back to the bank or how does it work ? can anyone give me a few ideas I know one thing is that its going to hurt my credit bad but i can deal with it.Need advice about a car?
A car is not a pair of shoes. You can't just return it. They loaned you the money they don't want the SUV(which is likely worth less than you paid for it) they want the money that they loaned you to get the car. If you give the car back to the bank it will likely count as a repo and it will make your credit worse(I'm assuming it's already bad).Need advice about a car?
You can actually try to find someone who would like to take over your payments. That can be done by calling Nissan and have them do the paperwork, by doing this is will not hurt your credit. They are actually website when you can do this as well if you having trouble finding a person.
Have you thought about refinancing??? Talk to the dealer or the bank about changing the interest rate on it.. Usually after about a year you can knock some of the interest off of it..
DAm 20 % thats crazy you cannot return it your credit will be ******
Either way you're screwed. You're going to end up paying about $30000 for a $15000 suv. Or if you just give it back the bank will sell it for peanuts and you will have pay back whatever is left on the loan. Do you really want to pay for a car you no longer own? You're credit is already bad and you're just going to make it worse...you won't get another loan for years. Suck it up and make the payments..pay every payment, and all your other bills on time...after about a year you can try to refinance. Any other way will just end up costing you more money.
No comments:
Post a Comment