I have a tahoe that I can't afford anymore and I need to get rid of it. I dont want a repo cause that would ruin my credit what should I do to not hurt my credit.
Find out independently first what it's worth (Kelly Blue Book on-line and an appraisal from someone local who's not who you intend to trade through)and see if you can trade or sell it to get at least a little something out of if. Some dealers will help you trade, even if you're in upside-down (owe more than the vehicle is worth) so you can get into something more affordable. If not, then sell it just for what's owed, so you can get out from under it. Hang in there!
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A.P.
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B. I have a friend in desperate need of a car how much do you owe on it??
Call me please ###-###-####
A.
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P.W.
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Phoenix
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Hi B.. Have you worked with your company to help you out, by considering it a hard ship? I switched my insuranance to Furr Insurance. Melissa saved me over $800. If you are interested in contacting her, please e-mail me or give me a call at ###-###-####. Have a great week. P.
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K.W.
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I think all you can do is try to sell it for whatever you owe on it. Or possibly try to refinance it maybe through a credit union or something.
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E.C.
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Phoenix
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Hi B.,
I'd love to hear your repsonses. We are in the same boat. We have a '05 Toyota Sienna that we pay over $700 and with insurance, we are at $1000 monthly. I tried to trade it in but am $10,000 upside down. Could you please let me know of any helpful suggestions you might get! Thanks and good luck!
E.
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D.
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Albuquerque
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Try selling it to Carmax or go to a dealer and try to trade?
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M.H.
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Albuquerque
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Trade it in for something much less expensive and gas efficient...maybe a Saturn, Kia or Hundyai? Your note would be much less!
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S.L.
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Tucson
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sell it - or trade down to an affordable vehicle if you have to have transportation - if no one will buy it or give you a trade because the loan/lease balance is too high you will have to let them take it - you could try to talk to your dealer but they usually won't do anything to help you
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E.C.
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Depending on how much you owe...you could get another car and they can roll what you owe into it and to make your payments cheaper you could do a 7 year loan instead of 5. Or you could try to sell it on your own, thats really all you can do to not damage your credit.
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M.S.
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go to www.daveramsey.com He always says run towards your creditors not away from them. Let them know your situation and see if they can change your payments/interest/ etc. Most of the time they will work with you. To sell, get a white paint marker at a auto place for writing on windows. write for sale, how many miles, and a phone number. Advertise while you drive.
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L.A.
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Albuquerque
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Hi, see if you can trade it in for something with lower payments.hope this helps.L.
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K.J.
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Phoenix
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Check with the bank to see if you can make an interest payment or skip a payment. If you have had the loan over 1 year you can usually do two interest payments per year and the regular payments are added on to the end of the loan.
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V.P.
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Hey B.,
Sounds like you need extra money or are lowering your debt which makes a whole lot of sense. I'm willing to provide my services to you complimentary. I enjoy what I do and especially the results from every situation.
Contact me
Vale
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C.S.
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Phoenix
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If you decide to sell it yourself, once you have a KBB or some other value, definitely put it on Craigslist.org or Backpage.com (online counterpart to the Phoenix New Times Paper)- really easy to do and you can put pictures in the ad too. Both are free and you will reach a broad audience. I would advise that you not put in the ad that your situation is a rough one or potential buyers really might try to low-ball you. Good luck!
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M.I.
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Albuquerque
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Hi B.,
I was in the same situation about ten years ago when I got pregnant with my son and had a Camaro. This is what I did: After trying to sell it in the paper without any luck I went to a bunch of car dealerships to see what they'd offer me (you'll find that the vehicle has probably depreciated so much that it's not enough to pay off the loan). I ended up selling it at the one that offered me the most but I still owed $3500. so I got an unsecured loan from my bank for the difference. I did recieve $1000. back for some warranty coverage I purchased with the car which I used to buy an older car. I haven't financed a car since, I'd rather drive an older car than worry about a car payment and full coverage insurance!
Good luck and I hope everything turns out OK!
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E.D.
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Tucson
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if you want to sell, you might find a buyer here, i'm possibly interested..what do you want for it?
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L.C.
answers from
Flagstaff
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Try selling it yourself so that you can get the maximum amount of money out of it. If you tried to trade it in, you would be upside down.
I had to sell mine and pay off the rest an got a really cheap car that I was able to pay cash for.
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D.C.
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Phoenix
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Hi B.,
I would definately reccommend trying to sell it outright before considering a reposession. Another option is to trade in the Tahoe for something more reasonable for your price range. The current balance on the loan and value of your vehicle will determine if this is possible for you. Some finance companies will offer you an extension on payments for the loan but this will only be a temporary fix.
IF those are not possible a voluntary repo costs you less (still hurts your credit) because there are no towing and limited storage fees.
I wish you luck in the route you decide to go!!
~D.
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J.M.
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Phoenix
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What do you owe on it? What year, color, miles etc . .
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S.W.
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Tucson
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Try using Craig's list to sell your car. It is free and from friends I know that have used it, it works well. Good luck!
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J.F.
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Phoenix
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Hello !! I would love to have my husband help you get out of the Tahoe... I have been in the same boat & he is a car salesman and is always available to help those in need anyway he can. He works for Acura of Tempe - they sell other cars & have other "sister" dealerships so don't think about the prices.... Please feel free to contact him ###-###-#### Chey or contact me @ ____@____.com