alright here is my problem ..well i was laid off and now im not even making close to what i was before. i love my car to death but i just cant afford it anymore.. car payment and insurance is about 800 a month after that and gas i have no money left over. im at the point where i dont even have tags because i cant afford to drive it and it just sits.. well i have noting to drive. i cant sell it for less then what i o on it because of the lean release .. no one will buy it for what i o on it. idk what to do? im thinkin maybe try and trade it in for somthing cheap? im in a tuff spot right now.. excuses my bad grammar
some advice
- Thread starter 4doorcivic16
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Yeah, you're grammar isnt really the best, to be honest. You're situation isnt the worst, either. 800 dollars a month is ALOT of money to be paying when your 20. Im turning 20 and go to school and theres just no way i could pay that much a month and still be able to socialize.
Trading it in might be your only choice, unless you can find someone to pay what you owe. The chances of that happening arent the best, though. Right?
Id look online or at dealerships and just trade it in for a 99 civic for like ~ 5 grand and im guessing the dealership would pay you the rest?
Trading it in might be your only choice, unless you can find someone to pay what you owe. The chances of that happening arent the best, though. Right?
Id look online or at dealerships and just trade it in for a 99 civic for like ~ 5 grand and im guessing the dealership would pay you the rest?
Lol at paying 8k a year just to drive it.
I really don't know what to say to you other than you got yourself into this mess and will prob have to get out of it somehow. Just trade it in for something cheaper
I really don't know what to say to you other than you got yourself into this mess and will prob have to get out of it somehow. Just trade it in for something cheaper
yeahh that is what i am thinking..
well...you've put your self in a little pickle, havnt you? My suggestion would to not drive the car without tabs or car insurace because legal trouble is really expensive. Part what you can from the car since you wont be driving it for a while and pick up a cheap car to daily until you get back on your feet.
$800 DAMN!!!!!!!!!!!!!!!!!!!!!!!
get it "stolen"...................lol, j/k man
$800 a month is a lot of money to be paying for ANY car, unless you making bank, which you don't.
Trade is your best option I think....................sucks man, good luck
get it "stolen"...................lol, j/k man
$800 a month is a lot of money to be paying for ANY car, unless you making bank, which you don't.
Trade is your best option I think....................sucks man, good luck
lol it dosent move out of the garage. as it sits right now it dosent have tags or insurance. i think im just gonna try and trade is for a ek or somthing cheap.. as much as i love it shes been through alot and it has to go.
lethal6
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My understanding is that you are still going to be paying on it even if you trade it in unless you want to lose your @ss.
Here is my theory. *Keep in mind that I worked in sales at a dealership for 6 years but that was about 5-6 years ago so I have been out of that game for a long time.*
Say you trade that in on a $5k civic. I don't know what you owe on it so I am going to make something up for now. Lets say you still owe $9k. They will give you say $5k for the car you have now, leaving you with $4k left on the loan. Then you take $5k off the $5k they are giving you for the current car leaving you at $0, but you will still owe the bank that $4k.
Problem is the trade in values are terrible compared to selling it outright. You are going to get more trying to sell it than you are on a trade in.
In the end you are probably going to have to trade it in on something cheap and lose your @ss. Lesson learned I guess. I saw it time and time again working at the dealership. We would sell $50K Tahoes and Yukons to young guys and see them back on the repo lot within a couple months. There are too many people that get caught up hard when dealing with loans and credit. They end up working way beyond their means. I have been there too and it took me 10 years to get where I am now, debt free.
Here is my theory. *Keep in mind that I worked in sales at a dealership for 6 years but that was about 5-6 years ago so I have been out of that game for a long time.*
Say you trade that in on a $5k civic. I don't know what you owe on it so I am going to make something up for now. Lets say you still owe $9k. They will give you say $5k for the car you have now, leaving you with $4k left on the loan. Then you take $5k off the $5k they are giving you for the current car leaving you at $0, but you will still owe the bank that $4k.
Problem is the trade in values are terrible compared to selling it outright. You are going to get more trying to sell it than you are on a trade in.
In the end you are probably going to have to trade it in on something cheap and lose your @ss. Lesson learned I guess. I saw it time and time again working at the dealership. We would sell $50K Tahoes and Yukons to young guys and see them back on the repo lot within a couple months. There are too many people that get caught up hard when dealing with loans and credit. They end up working way beyond their means. I have been there too and it took me 10 years to get where I am now, debt free.
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OR what you can do is buy a decent second car, save on gas and what not, don't go out, work work work, and pay just to have the car, drive it whenever you feel like you need to be put in your seat andddddddddd keep positive and hopefully something on the brighter side would happen!
I haven't driven my car in almost 2 months, then again... The weather has been crappy and I don't want to put miles on crappy weather when I can just do that with my beater!
I haven't driven my car in almost 2 months, then again... The weather has been crappy and I don't want to put miles on crappy weather when I can just do that with my beater!
well it just got really shitty i went in to work thismoring and got fired... buuut i might be able to go work with my dad making bangin money.. so i guess we will see what happends here in the next week
lol nah i had a hks hi power bout sold it.. stock ftw
heres what you do, go get a loan for a newer less expensive car.
be sure to get more than the new car is worth so you can pay the flipped over amount of your STi.
Sell the STi for what its worth, and pay off the rest of the old loan with the new.
Hopefully you can get the new loan at a better rate so you can accomplish this.
Also, dont get a turbo car, get a NA one so your insurance wont be so damn high.
If you cant get a new loan, then park the thing and get another job. Dont pull your insurance, I can guarantee you that your lien holder requires it. AND in all that paperwork you signed when you bought it, you agreed to have full coverage. I've heard of cars being repo'd from not having insurance.
hope it works out for you.
and wait till your older and established to get such an expensive car...
be sure to get more than the new car is worth so you can pay the flipped over amount of your STi.
Sell the STi for what its worth, and pay off the rest of the old loan with the new.
Hopefully you can get the new loan at a better rate so you can accomplish this.
Also, dont get a turbo car, get a NA one so your insurance wont be so damn high.
If you cant get a new loan, then park the thing and get another job. Dont pull your insurance, I can guarantee you that your lien holder requires it. AND in all that paperwork you signed when you bought it, you agreed to have full coverage. I've heard of cars being repo'd from not having insurance.
hope it works out for you.
and wait till your older and established to get such an expensive car...