How to Sell a Car If You Are Upside Down on the Loan

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How to Sell a Car If You Are Upside Down on the Loan – This is a place for the community to provide tips and advice on How to Sell a Car If You Are Upside Down on the Loan. This topic was created by Catherine Jelski and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

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Upside-Down on a Car Loan - Options of What You Can Do if You are Upside-Down on a Car Loan - Kelley Blue Book More
Published: 9 years, 3 month(s) ago by drh 3b | permalink
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Tags: upside-down car loans, risks and benefits for what you can do if you are upside-down on your car loan, trade-in value, owe more than your car is worth, vehicle loan, roll-over debt owed

For further reading: http://www.kbb.com/car-advice/articles/upside_down-on-a-loan/ ^[1]

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How to Sell an Upside-down Car More
Published: 9 years, 3 month(s) ago by Frederik Treschow | permalink
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What if you’re “upside-down”—you owe more on the loan than the car is worth? What does Dave suggest doing in that situation? His advice might surprise you.

For further reading: http://www.daveramsey.com/blog/how-to-sell-an-upside-down-car ^[2]

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Upside Down and Under Water on a Car Loan | Edmunds.com More
Published: 9 years, 3 month(s) ago by Constina Baylor | permalink
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Being
Tags: Being Upside Down, Cars, Edmunds.com

For further reading: http://www.edmunds.com/car-buying/being-upside-down.html ^[3]

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Tip 4
How Do I Buy A Car When I'm Upside Down On My Current Loan? More
Published: 9 years, 3 month(s) ago by Angelo Prieto | permalink
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I desperately need a new car, the one that I have is becoming an unreliable money pit. The problem is I owe $4000 more than it is worth. I have no cash for a down-payment, but I can handle $350 per month. How do I get into another vehicle and break the cycle of being underwater on a car loan?
Tags: ask car buying, financing, loans, used cars, new cars, car buying, shutterstock, Car Buying

For further reading: http://carbuying.jalopnik.com/how-do-i-buy-a-car-when-im-upside-down-on-my-current-lo-1638064679 ^[4]

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Tip 5
Help, I Owe More Than My Car is Worth: What To Do When Your Car Loan Is Underwater More
Published: 9 years, 3 month(s) ago by Laura Heiselman | permalink
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Have you ever realized, I owe more than my car is worth? If so, this post gives advice for how to get out of an underwater car loan.
Tags: Auto Loans,Get Out of Debt,car,loan,you’ll

For further reading: http://blog.readyforzero.com/i-owe-more-than-my-car-is-worth-loan-underwater/ ^[5]

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Tip 6
How to Get Out of an Upside Down Car Loan with Negative Equity More
Published: 9 years, 3 month(s) ago by Roger Mena | permalink
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In the housing industry, it's called "negative equity." In the automotive industry it's called being "upside down." In both cases, it means the same thing: You owe more money on an asset than the a...

For further reading: http://www.moneycrashers.com/how-to-get-out-of-a-car-loan-when-you-owe-more-than-the-car-is-worth/ ^[6]

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Tip 7
How to Buy a Car if You're Upside Down on Your Loan More
Published: 9 years, 3 month(s) ago by Priscilla Geers | permalink
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The recent economic upheaval left many Americans with large amounts of debt and other financial problems. One such problem is the upside down car loan. You have likely heard about the many houses that homeowners have walked away from once they owed more than the home’s value. Similarly, car owners are finding themselves perplexed when the amount they owe on a car surpasses it's current value. Are you in this position? There's some good news. How Does an Upside Down Car Loan Happen? An upside down car loan, also known as a negative equity car loan, is a loan where you owe more for your car than it is worth. You can get yourself into such a situation in a number of ways:

For further reading: https://www.trustedchoice.com/insurance-articles/wheels-wings-motors/upside-down-on-car-loan/ ^[7]

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Category: Fun | 9 years, 3 month(s) ago

16.7k+ Reads

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Contributors

Angelo Prieto, Frederik Treschow, Priscilla Geers, Roger Mena, Constina Baylor, Laura Heiselman, drh 3b

References & Citations

1. http://www.kbb.com/car-advice/articles/upside_down-on-a-loan/

2. http://www.daveramsey.com/blog/how-to-sell-an-upside-down-car

3. http://www.edmunds.com/car-buying/being-upside-down.html

4. http://carbuying.jalopnik.com/how-do-i-buy-a-car-when-im-upside-down-on-my-current-lo-1638064679

5. http://blog.readyforzero.com/i-owe-more-than-my-car-is-worth-loan-underwater/

6. http://www.moneycrashers.com/how-to-get-out-of-a-car-loan-when-you-owe-more-than-the-car-is-worth/

7. https://www.trustedchoice.com/insurance-articles/wheels-wings-motors/upside-down-on-car-loan/