Yea if you aren't disciplined don't use credit cards. They can be advantageous but you have to be strict with their use.
-
ODT Gun Show & Swap Meet - May 4, 2024! - Click here for info
Is anyone here a car dealer?
- Thread starter killstatic
- Start date
Yea if you aren't disciplined don't use credit cards. They can be advantageous but you have to be strict with their use.
But us yung'uns worked so hard to get entitled *In whiney voice*
Seriously though....no car payments for me. I can can't pay in full, I don't need it. Now if only I could get out from under my student loans........
Also, selling the car to a private party, much better than auction. At auction you're likely to sell for closer to dealer trade in value (and you be left with debt) as opposed to market value from private.
Seriously though....no car payments for me. I can can't pay in full, I don't need it. Now if only I could get out from under my student loans........
Also, selling the car to a private party, much better than auction. At auction you're likely to sell for closer to dealer trade in value (and you be left with debt) as opposed to market value from private.
what kind of car is it??
The debt will go away in seven years as far as reporting goes. However, the lender can get a deficiency judgement and attach your wages, bank accounts or any other assets. You could file bankruptcy to void/avoid the judgement. will be on your file for 10 years.
Another thing. If your sister can pay a reasonable amount to the bank, they may take it. Ask for a settlement.
Just have your sister take over payments.
Gets her the car, and you don't have a voluntary repossession on your credit.
Don't tell the bank, just have her mail the checks. I guarantee the bank doesn't care who is paying. If for some strange reason they do, just get her to give you the money and you write the checks.
Screw credit. I use cash/check/debit for everything. If i can't pay for it; i cant afford it...
Gets her the car, and you don't have a voluntary repossession on your credit.
Don't tell the bank, just have her mail the checks. I guarantee the bank doesn't care who is paying. If for some strange reason they do, just get her to give you the money and you write the checks.
Screw credit. I use cash/check/debit for everything. If i can't pay for it; i cant afford it...
Douche coupe
Selling it for payoff (if you are not upside down) or have your sister take over the payments are your best options.
I'd suggest buying a car for cash and start making a monthly "car" payment to yourself into a savings or money market account. In a few years you can pay cash for a new(er) car and be car debt free.
I'd suggest buying a car for cash and start making a monthly "car" payment to yourself into a savings or money market account. In a few years you can pay cash for a new(er) car and be car debt free.
