needing some advice or ideas... - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

skisax80 · 11-27-2010, 07:12 PM

Sadly it looks like im going to have to move, and if it comes to that ill have to get rid of my camaro, i cant afford to keep it and move as well... i bought it aug of 09.. its got 16000 miles on it.. wow thats nuts.. anyways, im not sure exactly what i owe, but from what ive seen, since the prices have come down since i got it im gonna have a hard time selling it.. i really dont wanna trade because ill still have a payment if i do.. any ideas at all?

PoorMansCamaro · 11-27-2010, 07:16 PM

if you really have to sell, start looking for how much you owe on it. the place you are fincancing from will tell you a payoff. then slap a for sale sign on here and on your car. post on ebay/craigslist/autotrader.

second, you can try to see if you can refinance for a longer term and lower payments. you've had the car over a year, so you can refinance that year back and lower it that way. just a thought. good luck.

MyWorld · 11-27-2010, 07:24 PM

I agree with the post above. Refinacing would be the best thing if you can afford the new payment. My credit union is offering 2.99% 60 month loans for up to 110% of the cars value. Hang on to your baby. Unfortunately you are going to take a bath selling your car so soon. Only very rich people can afford buying a new car every year, essentially that is what you are doing selling it so quickly.

skisax80 · 11-27-2010, 07:38 PM

Ive thought about the refinancing option and if nothing else it may be my only option.. though it doesnt really solve the problem of being stuck with a car payment and having to move.. maybe the lower payment will allow me me to pay off other stuff faster.. do it that way... either way im just in a mess and gotta figure out what to do and how to get out of it... yeah selling or trading now will get me hosed i know.. it sucks..

11-27-2010, 07:12 PM	#1
skisax80 Drives: 2010 camaro ss/rs Join Date: Aug 2009 Location: dothan al Posts: 89	needing some advice or ideas... Sadly it looks like im going to have to move, and if it comes to that ill have to get rid of my camaro, i cant afford to keep it and move as well... i bought it aug of 09.. its got 16000 miles on it.. wow thats nuts.. anyways, im not sure exactly what i owe, but from what ive seen, since the prices have come down since i got it im gonna have a hard time selling it.. i really dont wanna trade because ill still have a payment if i do.. any ideas at all?

11-27-2010, 07:16 PM	#2
PoorMansCamaro Drives: Really Slow Join Date: Apr 2010 Location: PA Posts: 57,198	if you really have to sell, start looking for how much you owe on it. the place you are fincancing from will tell you a payoff. then slap a for sale sign on here and on your car. post on ebay/craigslist/autotrader. second, you can try to see if you can refinance for a longer term and lower payments. you've had the car over a year, so you can refinance that year back and lower it that way. just a thought. good luck. __________________

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11-27-2010, 07:24 PM	#3
MyWorld Drives: RJT 2LT RS Join Date: Jul 2010 Location: Chicago, IL Posts: 250	I agree with the post above. Refinacing would be the best thing if you can afford the new payment. My credit union is offering 2.99% 60 month loans for up to 110% of the cars value. Hang on to your baby. Unfortunately you are going to take a bath selling your car so soon. Only very rich people can afford buying a new car every year, essentially that is what you are doing selling it so quickly.

11-27-2010, 07:38 PM	#4
skisax80 Drives: 2010 camaro ss/rs Join Date: Aug 2009 Location: dothan al Posts: 89	Ive thought about the refinancing option and if nothing else it may be my only option.. though it doesnt really solve the problem of being stuck with a car payment and having to move.. maybe the lower payment will allow me me to pay off other stuff faster.. do it that way... either way im just in a mess and gotta figure out what to do and how to get out of it... yeah selling or trading now will get me hosed i know.. it sucks..