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I want to get rid of my car but I still owe.....?

I owe $6K on my car. I hate it. Should I sell it private? Dealer? Why? Please only honest answers, I am stressing out!

6 Answers

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  • 1 decade ago
    Favorite Answer

    its ok to still owe, but the main thing is how much the dealer will give you for it. you could sell it private but it might take a long time. if you owe 6 and they want to give you 7 then its a good deal because then you could use the extra 1 to put down on your car.

  • 1 decade ago

    Try to sell it private first. If not success, you can trade it in, and what you owe will be written into the new loan.

    Research prices to ask at kbb.com or edmunds.com

    Shop around and see what dealers will give you more for your trade.

  • Anonymous
    1 decade ago

    Well, first you could buy a new car, trade your current car in, and have the remaining balance put on your loan, or, you can sell it private by having the buyer pay you $500 cash, and take over payments.

    As far as I am concerned though, you are buried in that car.

  • 1 decade ago

    sell it for what you owe on it a dealer isnt gonna give you that much for it. makes youre credit better 2

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  • 1 decade ago

    Sell it private first to see if you can get that much for it. If not it is better to trade it in on something you like. Good luck!

  • Anonymous
    1 decade ago

    Do you have auto insurance??? Park it some place far, and report it stolen!

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