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advice please car loan problem?
i baught i car on finance for $9000 in dec 2011 and i payed $1000 deposit within this past two years i have been regular with my payment, and i'm not struggling to pay. however since i bought the car i have only pay more n more money to fix it, its costing me a lot of money and i cant afford to repair, its a holden viva 2007 model.
i have taken it to Holden mechanics and other mechanics but the car just doesnt get fix i have had many opinions and mechanics to look at it but the car keeps coming with problems so please someone please help me i cant keep this car i dont care if the bank takes it, please advice me on how to get rid of it.
2 Answers
- 8 years ago
You bought a car . Then you bought the money to pay for the car . These are two different transactions . The fact that the vehicle broke down has nothing to do with the monies you borrowed to pay for the car. Your only resort is to find someone like yourself to fall in love with car just as you did
Source(s): Common Sense - 8 years ago
The only option I can advise to for you to "surrender" the car to the bank making the loan to you. However, be aware if they can't sell the car for what you owe, they will come to you for the balance. Also, surrendering the car looks VERY BAD on your credit report BUT not as bad as a repo.
Good Luck!!!
Source(s): Personal Experience
