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What would you do in my situation? (finance related)

Anonymous
Posted by Anonymous
  • 6 Replies
So I got a car when I was making a lot more money. It's a 2012 Chrysler 200 and I still owe about 13000 and it's probably worth about 10000. Having a hard time keeping up with bills after getting divorced. A family member offered a car she wasn't using for free. What should I do?
Posted by Anonymous on Nov. 4, 2014 at 6:08 PM
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Replies (1-6):
Anonymous
by Anonymous 1 - Original Poster on Nov. 4, 2014 at 6:09 PM
Bump
Anonymous
by Anonymous 2 on Nov. 4, 2014 at 6:10 PM

So you are contemplating taking the free car and selling your car? Sounds like a pretty good option in your situation. Just be clear that the car is being given to you, put in your name, not just something for you to borrow. It would suck to end up with no car at all.

Lunarprancer
by Betsy on Nov. 4, 2014 at 6:11 PM
This.

Quoting Anonymous 2:

So you are contemplating taking the free car and selling your car? Sounds like a pretty good option in your situation. Just be clear that the car is being given to you, put in your name, not just something for you to borrow. It would suck to end up with no car at all.

lollip0p
by Ruby Member on Nov. 4, 2014 at 6:13 PM

If you can afford to get rid of the car, you should, as long as the other car is a decent one and isn't going to end up costing more in repairs.

Anonymous
by Anonymous 1 - Original Poster on Nov. 4, 2014 at 6:13 PM
Well how should I go about selling a car I'm financing without doing a trade in?

Quoting Anonymous 2:

So you are contemplating taking the free car and selling your car? Sounds like a pretty good option in your situation. Just be clear that the car is being given to you, put in your name, not just something for you to borrow. It would suck to end up with no car at all.

Anonymous
by Anonymous 2 on Nov. 4, 2014 at 6:15 PM

Tell the people you are financing it through that you can no longer afford it, and ask them how to go about it.


Quoting Anonymous 1: Well how should I go about selling a car I'm financing without doing a trade in?
Quoting Anonymous 2:

So you are contemplating taking the free car and selling your car? Sounds like a pretty good option in your situation. Just be clear that the car is being given to you, put in your name, not just something for you to borrow. It would suck to end up with no car at all.



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