1
Auto Loan question: Want to sell back car to dealer and get cheaper car because cant make payments, whats involved in refinancing?
Post Body
Bought a $40,000 car with monthly payments of ~$800 last year. I lost my job and had to get a new job with less income, so now I cant make those payments. Behind 2 months on my car loan (~$1600 behind). I want to sell the car back to the dealer, get a cheaper car and refinance the loan.
What's the process for this?
I still owe about $33,000 on the auto loan. I am willing to get a car as cheap as $10,000, i dont care i just know i cant afford a $800/month car loan anymore.
Author
Account Strength
90%
Account Age
9 years
Verified Email
Yes
Verified Flair
No
Total Karma
1,039
Link Karma
104
Comment Karma
935
Profile updated: 1 month ago
Posts updated: 4 weeks ago
Subreddit
Post Details
We try to extract some basic information from the post title. This is not
always successful or accurate, please use your best judgement and compare
these values to the post title and body for confirmation.
- Posted
- 1 year ago
- Reddit URL
- View post on reddit.com
- External URL
- reddit.com/r/personalfin...