Hi, Guest
05-25-2008, 11:28 AM
Just a bit of "fatherly" advice, take it FWIW and no offense intended.
Next to nobody is going to overpay for the car simply because you're in a bind. The repairs needed to the car are not just the cosmetic type -- so not only are you asking for someone to overpay for the car, they'll have to do some expensive repairs as well.
So if you are truly in a bind, your best bet is to price it "reasonable" to market conditions, and beg/borrow/steal the balance to what you owe to the finance company. The don't care as long as they get their money.
If you don't realize what they'll do if they repo it, they'll take the car, sell it at auction and come after you for the outstanding balance anyways. It's not like they take the car and you're even-stevens. What they'll get at auction will be likely not be as much as what you'll get pricing it reasonably -- so you'll still owe the same AND you credit rating will be destroyed.
And while I'm not sure how old you are -- but I was in dire straits when I was young too. And TRUST ME, repairing a bad credit rating will take longer and cost way more in the long run than the $2-3000 you're short now.
Like I said, no offense. I know it would suck still paying on a car you don't own, but sometimes it's better than the alternative. Good luck.
Next to nobody is going to overpay for the car simply because you're in a bind. The repairs needed to the car are not just the cosmetic type -- so not only are you asking for someone to overpay for the car, they'll have to do some expensive repairs as well.
So if you are truly in a bind, your best bet is to price it "reasonable" to market conditions, and beg/borrow/steal the balance to what you owe to the finance company. The don't care as long as they get their money.
If you don't realize what they'll do if they repo it, they'll take the car, sell it at auction and come after you for the outstanding balance anyways. It's not like they take the car and you're even-stevens. What they'll get at auction will be likely not be as much as what you'll get pricing it reasonably -- so you'll still owe the same AND you credit rating will be destroyed.
And while I'm not sure how old you are -- but I was in dire straits when I was young too. And TRUST ME, repairing a bad credit rating will take longer and cost way more in the long run than the $2-3000 you're short now.
Like I said, no offense. I know it would suck still paying on a car you don't own, but sometimes it's better than the alternative. Good luck.
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