Tilted Forum Project Discussion Community - View Single Post - NEED ADVICE dilemma on selling/buying car

12-12-2004, 08:54 PM

Ok, last year we made a stupid mistake of taking a car for well more than it was worth at a dealership. We still owe almost as much as what we paid for it. It's a 2000 Passport and we still owe about $21,000- insane, I know.
It's only worth about 10,000 trade-in and 14,000 retail, even though it is in excellent condition and only just under 50,000 mi.
I want to get a new car, a sedan or even a Forrester.
My dilemma is how the hell can I sell my car for as close to what I owe so that I am not making payments on it after I sell it or getting screwed over again? Is there any plausible way out of this mess?

12-12-2004, 08:54 PM	#1 (permalink)
:::OshnSoul::: Guest	NEED ADVICE dilemma on selling/buying car Ok, last year we made a stupid mistake of taking a car for well more than it was worth at a dealership. We still owe almost as much as what we paid for it. It's a 2000 Passport and we still owe about $21,000- insane, I know. It's only worth about 10,000 trade-in and 14,000 retail, even though it is in excellent condition and only just under 50,000 mi. I want to get a new car, a sedan or even a Forrester. My dilemma is how the hell can I sell my car for as close to what I owe so that I am not making payments on it after I sell it or getting screwed over again? Is there any plausible way out of this mess?