I need out from under car payments!  I owe 27,000 on it and it's worth 24,000!  HELP!!!!!!any answers?
399862
The only thing you can do is keep it. Try to keep the mileage low and hopefully you might break even one year. \n\nThis is exactly why I will never buy a new car. I always buy a car that is 3 or 4 years old with low mileage.
461839
trade it in to a dealer running a promo to pay you car off no matter how much you owe
404690
$$$ as the saying goes money talks and BS walks.. The more money you can put down on the car.. better the chance of you getting approved.. No matter what the situation.\n\n$0 down.... Try again\n$500 down.. nope\n$1000 down.. Now we are talking.\n$1500 down.. Getting better\n$5000 down.. When can u pick it up.\n\nBut most can get approved at the $1500 mark
1085544
call them and explain the situation. At the end of the day you agreed to pay it by accepting the card but they are not heartless people. \n\nAdvise of your current situation with income and other outgoings more important (car, house etc) and then arrange a repayment plan. The sooner you do it the better.\n\nIn some cases they will stop you being able to use the card and will stop or at least reduce the interest charges, but you're better contacting them sooner rather than later
1008630
Alright...  I'm kinda confused with all your info but...\n\nN = 60  (5*12)\nI = ??\nPV = 19,000  ($22,000 - $3000 down payment)\nPMT = -350 (negative because you need opposite signs)\nFV = 0  (so it paid off in 60 months)\nP/Y = 12  (periods per year)\n\nI think interest is what you are looking for.  Which is approx. 4.01% when the above is solved.  4% is a REALLY good rate for right now but the current average for new car loans is about 5-10% depending on your credit.  4% is possible from a promotional standpoint.  I'm not sure why you are trying to find the future value of your down payment in the second set of information.  Basically, the information I typed aboves means that if you take a loan out for $19000 and pay $350 per month for 5 years, it would be paid off, using 4.01%.  \n\nThe PV of the car is what you are taking the loan out for.\n\nYou would only want to take a loan out for a down payment IF the interest rate is better than the interest rate of the car loan, which is unlikely.  \n\nI recommend paying as much of a down payment as possible and make as large of monthly payments as possible.  Make sure that when you make payment above the $350, that you state that it is for Principle Only, this way your loan will get paid off faster and you will pay less interest.\n\nHopefully this makes sense... let me know if I've confused you.
869937
They probably don't want to go through the cost of taking your car back, so continue to insist on working out a payment plan with them.  Ask for the supervisor, and whatever you are able to agree on, get it in writing.  If you can't get anywhere with them, however, I would consider getting an attorney or nonprofit debt counselor involved who can negotiate for you.  Daily phone calls are harrassing and can be illegal.
1130564
My car.  It's more costly than my house. \n\nI (stupidly) purchased a new car in 2001 and financed the loan.  That means I paid over $17,000 (including the interest) for a $13,000 car.  Now, 5 years later, the car is worth $7,500.  Net = -$9,500.  \n\n3 years ago I paid $200,000 for my house, financed as well.  The value of the house has increased about the same amount as the interest I've paid on my mortgage.  Net = $0.
1069486
I'd try to return the car to the dealer\n\nand see with credit services if it hurts my credit
1102217
This is a complex mathmatical question. Since you have a long term loan, you're probably better off refinancing. I just refinanced, but from 16% to 7%. No question in my case. I had to pay a vehicle title transfer fee also. Check out the fees you will have to pay and compare your monthly payments. Mine dropped from $270 to $185. Check out this link. It seems to be sponsored by two finance companies, but it gives good information\nhttp://www.carbuyingtips.com/refinance.htm\nI found a new link.\nhttp://tinyurl.com/m3oam\nThis link is great. Should answer your question.
604090
Its really hard to tell how much you can get anyway with paying. I use to do this kind of work. So it depends on how long you have owed them, was you credit good (always made payments on time) until this happened or it was a little rocky sometimes,then what kind of finance company was it ( automobile, private loan from a bank or credit card co, home buying) & has it gone into collections yet?? All these things sometimes makes a difference. But you can always make them an offer. Cause they have told you what the debit was, what they would settle for. So now I would make them an offer. Maybe start with whatever $ amount you can pay right now..then if that fails then offer a little more but it will take you a little bit longer to pay that $ amount. And just go from there. If all else fells, make 1 lump sum, & payments on the rest. BEST OF WISHES, I KNOW ITS HARD!!
118259
If you have poor credit, and dealerships have tried to get you a loan and cannot, there is not much you can do about it..you can possibly put a  large ammount down and the bank might finance you because its not as much money....or a co-signer......I would also try to get a loan with your own bank, as long your in good standing with them, you might have more luck with them.  Also if you have had a good car loan with any bank, no lates, made all payments ect, they might also take that into concerderation...And if all else fails Call around and look for a buy here pay here, they dont go through banks, but you do have to put a bit some $$$ down.............Good Luck, Hope that helps!
810503
If you choose to finance another car you will need to get permission from your trustee.  If you dont and he/she finds out about it, your case can be discharged.  You may try going to a buy here/pay here place.  They wont run your credit but the interest will be high.  Sometimes they have decent cars but get ready to pay a high monthly payment.
152569
Pay off the auto loan.  Cars are depreciating assets.  From the day you buy it, the car's value is on its way to zero. Your home is an appreciating asset so you can take more time to pay it off.  Why do you think that auto loans are so short term???  Have you ever seen a 30 year auto loan?? On an average car, if you didn't make any payments on the loan, you would owe more than the car is worth in 1-2 years.\n\nAs a rule of thumb, you borrow money on appreciating assets and pay cash for depreciating assets.
396911
Pay it, if you cannot afford it try to maintain the interest low by talking with the bank. Or borrow the 14,000 from somebody.
856619
Contact the business which loaned you money for the car.  What probably happened is:  you turned the car in to them....they sold it....the amount of the sale did not cover your loan amount... you now owe the difference (called a deficiency balance).\n\nMake arrangements to pay it... and any other debts that you've decided not to pay.  Grow up....fix your own credit.... you and you alone are responsible for it.  You can pay a company to "fix" it for you, but it won't be fixed and you will then owe THEM money.\n\nIf you've been turned down for a loan, go back to that loan officer and ask her how you can become more eligible for a loan.  Follow her advice exactly.
841715
Right now, you're probably "upside down" on your cars.  That means you owe more on them than what you could sell them for.  You are proposing getting upside down on a much bigger scale... that's moving backwards financially, not forwards.  Do not do it.  \n\nSell the cars even at a loss and don't get a loan for more than 100% (even that's stretching it).  You can then buy lesser cars (preferably cash) and then your payments and insurance won't be eating you out of house and home...literally.\n\nEven if this takes time, it is worth it.  Keep your credit clean - make payments on time and stop overstretching yourself.  At the minimum, save up your own closing costs and prepaids.  If you do get an 80/20 loan (two loans, equaling 100% of the sales price), make extra payments to the 20% part and pay it off early.  DO NOT BUY EXPENSIVE CARS AFTER MOVING IN AND KILL THIS OPTION.  Also, don't go out and buy all the appliances on credit and sink yourself into more debt.  Go look in the newspaper and buy used fridge, washer, dryer with cash as you can.  Don't fall for the "24 months same as cash" scams.  They know that you're over extending yourself, and the interest will get on there when you don't pay it off by 24 months.\n\nGood luck with your first home.
806800
If it has been in both your possessions for 6 months, it is community property.  Go buy a car for you and tell him to stick that one up his a**!