Whats the best way to get rid of a car I have a loan on?
821661
If you listen to the 2 previous posts it is a little crime called INSURANCE FRAUD punishable by large fines and prision time. You could do what most people would do and try to sell it. If you owe more on it than it is worth keep driving it and paying on it until the value and payoff balance out. As wonderful a thought of being debt free is, you also signed a contract promising to repay the loan. If you renig, you dream of being debt free will continue even when you change your mind and want credit and no one will give it to you.
1049093
If you are just plainly wanting to get rid of it. Then Please consider donating it to a battered womens' shelter or to a mentor program (big brothers & big sisters) They should be able to offer it to someone who could make good use out of it, even if it is old and out dated. Besides, most donations to charities like that are tax deducatable, you could get a write off on your taxes for doing so. \n\notherwise, if you are not wanting to just get rid of it....sell it on ebay or post in your local classified ads. \n\nGood luck.
558766
It is not a desirable option, but bankruptcy may be the only way to keep a vehicle needed for work in the situation you have described.  Contact a bankruptcy attorney soon for a consult.  Once the vehicle is repossessed, the fees will be even higher and will be due immediately along with towing/repo fees and and penalties then the vehicle often gets sold at auction pretty quickly.  Don't let it go this far without taking action yourself.  It is solvable with quick action on your part.
219834
try houses seized by government auctions, they may have some fixing up to do, but I'm sure it would be way cheaper than buying a new one (especially on a loan)
561430
There are companies that will let you\nborrow money on your car title.\n Just be sure and pay it back,promptly.
408849
buy a good used $3k-$5k drive it for a year or two then sell it for what you payed for it then get another one, never get a new car, that's for suckers
532676
I'm sure that if your credit it good enough and you explain the situation to the bank, you may be able to get a second loan. A car dealer may also be able to finance you themselves.
18515
Some dealers will sell you the car with a high percent rate.  They don't care about the bad credit.  If a big dealership doesn't sell you one, go to a "mom and pop" type used car dealership.
288726
The other party has to sell you their share, go to where the cars title is owned, have the other party sell you their share for $1.00 and they can sign over the title to you.\n\nAt that point, the car is now your debit so don't expect them to make any payments.
27945
Yeah, car; if you wanted, you could sell it, buy the other three things, then buy a slightly cheaper new car with the left over money...
378409
Yes you can but it's tricky!\n\nSelling it yourself\n\nA private sale is often the best choice, since you'll get a lot more for the car than if you trade it in at a dealership. (See “Make a bundle by selling your own car.”) But it can be a lot of work -- and kind of tricky to pull off.\n\nYou first need to:\n\n    * Check with your state's Department of Motor Vehicles (DMV) to get all the required paperwork and procedures for transferring ownership of your car.\n    * Check with your lender to find out its procedures on how to get the lien released on your vehicle.\n\nA lien is a kind of legal wheel-lock that lenders put on financed vehicles. Until the lien is released, the vehicle can't be transferred to a new owner.\n\nMost lenders will want you to pay off the loan in full before they release the lien, which is a problem if you need the buyer's money to pay off your debt. Your problem deepens if you need extra cash on top of the buyer's payment to retire the loan.\n\nTrading it in\n\nA trade is by far the easier choice, since the dealership handles all the paperwork. You also could score one of the new-car incentives that might help you erase or at least reduce your debt.\n\nLet's say you're $2,000 underwater on your car. A $4,000 rebate could erase that debt and give you a small down payment on your replacement vehicle, Nolan said.\n\n"There are so many incentives and cash-back rebates out there that you should be able to find one," he said.\n\nThe downsides: You'll get less for your old car than if you sold it yourself, and you may be vulnerable to some of the dealers' worst tricks: overcharging you for the new car or the new loan, or both. (The dealer knows you're either desperate or not very sophisticated financially if you're selling a car on which you still owe money.)\n\nAnd worse, despite the big rebate on your new car, you’re instantly underwater, because rebates aren’t magic. A $20,000 car that carries a $4,000 rebate is realistically worth $16,000 -- and that value starts dropping the minute your new car becomes a used one. The damage will be even worse if you’ve rolled over old debt into the new loan.\n\nAnd then the cycle starts all over again.
284821
www.craigslist.org\n\nIt works best if your in a big city....also depends on what your trying to get rid of.
966259
Car loan companies usually wait until you miss three payments before they come and get your car.\n\nYou can try and take some sort of legal action, but your car will be gone before anything gets resolved. I would get the money together and pay the loan company and the repossession  folks soonest................
1165385
To the comapny that you got your car loan with.
717902
Well, that all depends on whether or not the bank that repo'd the car was able to collect the total outstanding balance after selling the car. If not, you have an outstanding debt still on your credit, and it will be there indefinitely, despite what some people may tell you. Yeah, it technically will come off after 7 years, but if you ever go to get a mortgage or other large loan, they're going to see that you have that still outstanding. Good luck getting a bank to look the other way on something like that...
579206
throw away your credit card.  get rid of things you dont need\n\n\nthank you come again
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.