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Question to my friends here....

Discussion in 'Lounge' started by SICK, Jun 20, 2008.

  1. SICK

    SICK Lounge Moderator

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    My wife and i have 2 cars.....a 1998 black ford escort, paid off, and great on gas.....

    Then we have a 2003 ford explorer xlt........gas guzzler, and still 3 years from pay off....

    We cant afford to drive it anywhere, so it sits there mostly, and is barely used....we cant afford to keep it, any idea what i should do? I dont think i can sell it to value right now, should we let it get re-poed or should we just try our hardest to gut it out to pay monthly for a truck we rarely use due to gas prices????? Tough spot.....some help would be nice :up:
     
  2. opfinistic

    opfinistic Braaaaains!

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    I wouldn't let it get repo'd dude. Think you could sell it for what you owe or at least close to it and walk away?
     
  3. JCowScot

    JCowScot So funky the dead dance

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    That's what I would do...get as much as I could and just count it as a loss...then get a $2500 BMW or Mercedes diesel, Chevy Metro or something like that.
     
    Last edited: Jun 21, 2008
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  4. DonShula84

    DonShula84 Moderator Luxury Box

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    I wouldnt let it get repo'd. That will mess w/ your credit. Can you try to trade it in for a smaller car? Or try what op said, if you can sell it for close to what you owe, it might be worth it to get rid of it and eat the difference (assuming it isnt that significant).
     
  5. Coral Reefer

    Coral Reefer Premium Member

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    Good luck sellin it bro.
    Don't want to scare you but I've had a Dodge Dakota 8cylinder 4X4 for sale for 8 months now and have gotten 3 calls that entire time. No one wants to touch an 8 cylinder now.
    In past years a used 4X4 truck would have to be in shambles not to get an offer but not now. Your lesser evil is probably to let it get re-poed unfortunately. If you have good credit though that would scuff it up.
     
  6. Ultra

    Ultra Lazy

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    I agree with the most of above guys, see if you can sell it on craigslist for close to what you owe and then just write a check for the difference.
     
  7. SICK

    SICK Lounge Moderator

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    doubt it....probably wouldnt get more than 5 G's for it......so that would help much lol
     
  8. SICK

    SICK Lounge Moderator

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    i dont have the few thousands to match if i sold it unfortunatley :no:
     
  9. opfinistic

    opfinistic Braaaaains!

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    How does that weigh out against what you owe? And could you foot the rest of the balance? A credit hit, if your credit is good (like metioned earlier) wouldn't be too bad, I guess. Sucky position you're in, paying for something you don't use. You're married though, you should be be used to that. :lol:
     
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  10. SICK

    SICK Lounge Moderator

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    F'in story of my life...........:pity:
     
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  11. SICK

    SICK Lounge Moderator

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    Should i sell it....use the money to buy a used car thats good on gas, and continue with the tuck payments.....and save on that gas??? is that possible?!
     
  12. opfinistic

    opfinistic Braaaaains!

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    Me too.

    :sad:
     
  13. opfinistic

    opfinistic Braaaaains!

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    If you sell it you'll need to produce the title and you can't do that without paying it off.
     
  14. Ultra

    Ultra Lazy

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    can you refinance it?
     
  15. SICK

    SICK Lounge Moderator

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    good call....i should look into that....would it be more though with the market for SUV's goin down the tubes?
     
  16. Ultra

    Ultra Lazy

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    if you have good credit you should still get a decent interest rate since you won't owe that much.
     
  17. SICK

    SICK Lounge Moderator

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    no good credit for muah.....student loans and being dumb at 18 has killed me.....


    i signed up for a credit card at a marlins day game just to get the free throw blanket so i could use it to cover up so i wouldnt get sun burnt......then i used the credit card....alot....and never paid it :pity:
     
  18. Ultra

    Ultra Lazy

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    I've been tempted by free stuff on so many credit cards. The only one I sold out for, though, was the Miami Dolphins one and it's been pretty cool. About two months ago I got a random fleece in the mail and it was from them.
     
  19. SICK

    SICK Lounge Moderator

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    free stuff is pretty much awesome as hell
     
  20. Vampire Baby

    Vampire Baby New Member

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    You would be a happy guy if you were rich?

    Oh yeah I'm loaded I forgot. :tongue2:

    Do you recycle?
     
  21. xDOLPHINSx

    xDOLPHINSx Season Ticket Holder Club Member

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    :lol:
     
  22. SICK

    SICK Lounge Moderator

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    :huh:
     
  23. Georgia Fin

    Georgia Fin Fin For Life

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    Sure would be a shame if it got totaled out or stolen, but that's what full coverage is for.
     
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  24. SICK

    SICK Lounge Moderator

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    i like the way you think!!!!:shifty:
     
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  25. dolfan06

    dolfan06 New Member

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    don't let it get repossessed, it'll knock the crap out of your credit score. you'll have it on your record forever and its hard to shake.
     
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  26. Alex44

    Alex44 Boshosaurus Rex

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    Back in the day my grandfather couldn't afford his car payments, so he left the car in a lot with the door open and the keys in it and let it get stolen. :lol:

    Maybe you should go down that route?
     
  27. Big E

    Big E Plus sized porn star

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    ebay!!!!!
     
  28. Ultra

    Ultra Lazy

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    I heard some insurances won't cover a car if the keys are in it or doors are left open... not sure how they prove it or not.
     
  29. Stitches

    Stitches ThePhin's Biggest Killjoy Luxury Box

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    If you were going to sell it, just to get another car, you may as well just keep it and use it. Since you'd already be selling it at a loss, I bet you wouldn't be at any more of a loss by driving the explorer and continuing to pay it off than you would by selling it at a loss and having to get another car just to save some on gas. Sure, don't drive the explorer unnecessarily, but use it for more economic (shorter) trips.
     

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