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Thread: I want out of my car loan

  1. #1
    Junior Member
    Join Date
    Mar 2012
    Posts
    5

    I want out of my car loan

    I bought a 2001 chevy Duramax it is worth about $22k. I owe about $24k and I have had the truck for a little mor ethan 1 year. I have high payments becaus eof my credit. however, I have been on time with all of my payments.

    My payment each month is $650 . I want to sell my truck and get a jeep liberty or some small used SUV that is worth about the 3rd of the price of my truck. Is there any way out of this deal?

    I am tired of paying the $650 price tag and I really am tire of the vehicle. Even though it is still under warranty, I am seeing alot of matienance problems.

    Plus we want to buy a house soon and $650 is alot of money to through at a car. I hope I ddin't figure this out too late.

  2. #2
    Junior Member
    Join Date
    Aug 2012
    Posts
    5
    Try selling the car to someone who will take over the loan payments. You could use the car as a trade in on a new vehicle. Otherwise, I guess you are stuck with it unless you let the car go back which would ruin whatever credit you have so I wouldn't recommend that option.

  3. #3
    Junior Member
    Join Date
    Sep 2014
    Posts
    1
    I want to buy second hand forklifts and looking for company which give me best vehicle loan services. Please help on it and give your opinions.

  4. #4
    Quote Originally Posted by skkhan View Post
    I bought a 2001 chevy Duramax it is worth about $22k. I owe about $24k and I have had the truck for a little mor ethan 1 year. I have high payments becaus eof my credit. however, I have been on time with all of my payments.

    My payment each month is $650 . I want to sell my truck and get a jeep liberty or some small used SUV that is worth about the 3rd of the price of my truck. Is there any way out of this deal?

    I am tired of paying the $650 price tag and I really am tire of the vehicle. Even though it is still under warranty, I am seeing alot of matienance problems.

    Plus we want to buy a house soon and $650 is alot of money to through at a car. I hope I ddin't figure this out too late.
    Why not sell the car?

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