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Re: Throwing in the towel on my truck
[Re: ]
#2295578
11/16/17 12:47 PM
11/16/17 12:47 PM
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steelman
OP
Unregistered
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steelman
OP
Unregistered
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I will clean it up and give it a shot, who knows
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Re: Throwing in the towel on my truck
[Re: ford150man]
#2295579
11/16/17 12:50 PM
11/16/17 12:50 PM
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Joined: Dec 2004
Posts: 25,128
Guntersville, AL
IDOT
I am Cornholio
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I am Cornholio
Joined: Dec 2004
Posts: 25,128
Guntersville, AL
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Do you own your house or rent?
If you’re a common sense person, you probably don’t feel you have a home in this world right now. If you’re a Christian, you know you were never meant to.
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Re: Throwing in the towel on my truck
[Re: ford150man]
#2295580
11/16/17 12:50 PM
11/16/17 12:50 PM
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steelman
OP
Unregistered
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steelman
OP
Unregistered
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If you can't sell it at the price you need to pay it off, before you let it go back, talk to your bank about you selling it for $22k or $25k. Whatever you can get, then sign a note for the difference. It'll suck paying $3k-$6k and having nothing in return for it but if you let it go back, the bank will sell it for whatever and then sue you for the balance and your credit will still be ruined. Either way you're going to have to pay something. They don't just magically disappear. The bank is going to say "no" but tell them you can't make the payments and they can either work with you on selling it or not get anything out of you for 6 months. Thanks I will go to the bank tomorrow and see what my options are
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Re: Throwing in the towel on my truck
[Re: IDOT]
#2295583
11/16/17 12:53 PM
11/16/17 12:53 PM
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steelman
OP
Unregistered
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steelman
OP
Unregistered
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Do you own your house or rent? Own it
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Re: Throwing in the towel on my truck
[Re: ]
#2295584
11/16/17 12:55 PM
11/16/17 12:55 PM
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Joined: Dec 2004
Posts: 25,128
Guntersville, AL
IDOT
I am Cornholio
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I am Cornholio
Joined: Dec 2004
Posts: 25,128
Guntersville, AL
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Do you own your house or rent? Own it How long have you owned it and do you have any equity?
If you’re a common sense person, you probably don’t feel you have a home in this world right now. If you’re a Christian, you know you were never meant to.
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Re: Throwing in the towel on my truck
[Re: IDOT]
#2295587
11/16/17 12:57 PM
11/16/17 12:57 PM
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steelman
OP
Unregistered
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steelman
OP
Unregistered
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Do you own your house or rent? Own it How long have you owned it and do you have any equity? Well I say own it.. I'm not renting, we have been paying the mortgage company 7years
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Re: Throwing in the towel on my truck
[Re: Remington270]
#2295589
11/16/17 12:58 PM
11/16/17 12:58 PM
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Joined: Aug 2014
Posts: 20,086
Northport, AL
GomerPyle
Impatient Stinky Britches Wearin’ Off-Roadin’ Guru
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Impatient Stinky Britches Wearin’ Off-Roadin’ Guru
Joined: Aug 2014
Posts: 20,086
Northport, AL
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Go to carmax immediately and get a trade-in offer. They'll buy the trade in without actually making you buy a car from them. They do, but they typically only offer wholesale or slightly above. Certainly can't hurt trying, obviously.
There are 3 certainties in an uncertain world:
1. All Politicians Are Liars
2. All Gun Laws Are an Infringement
3. Taxation Is Theft
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Re: Throwing in the towel on my truck
[Re: Remington270]
#2295591
11/16/17 12:58 PM
11/16/17 12:58 PM
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steelman
OP
Unregistered
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steelman
OP
Unregistered
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Go to carmax immediately and get a trade-in offer. They'll buy the trade in without actually making you buy a car from them. Hmmmm so how will that affect me and the lender?
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Re: Throwing in the towel on my truck
[Re: AU7MM08]
#2295593
11/16/17 12:59 PM
11/16/17 12:59 PM
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steelman
OP
Unregistered
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steelman
OP
Unregistered
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Has the home increased in value since the date you purchased it? Yes double fold
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Re: Throwing in the towel on my truck
[Re: ]
#2295596
11/16/17 01:02 PM
11/16/17 01:02 PM
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Joined: Nov 2011
Posts: 21,781
USA
Remington270
Freak of Nature
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Freak of Nature
Joined: Nov 2011
Posts: 21,781
USA
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Go to carmax immediately and get a trade-in offer. They'll buy the trade in without actually making you buy a car from them. Hmmmm so how will that affect me and the lender? ....if they give you $28K or close to it, you take it and give it to the lender. Easy peasy.
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Re: Throwing in the towel on my truck
[Re: ]
#2295597
11/16/17 01:03 PM
11/16/17 01:03 PM
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Joined: Dec 2004
Posts: 25,128
Guntersville, AL
IDOT
I am Cornholio
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I am Cornholio
Joined: Dec 2004
Posts: 25,128
Guntersville, AL
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Do you own your house or rent? Own it How long have you owned it and do you have any equity? Well I say own it.. I'm not renting, we have been paying the mortgage company 7years Depending on your homes value, you could take an equity loan out and catch your truck up on payments and then sell it. This would be much better than destroying your credit AND still owing on that truck. If they file a judgement on you, you'll be on the hook forever on that truck and you'll never get it paid off.
If you’re a common sense person, you probably don’t feel you have a home in this world right now. If you’re a Christian, you know you were never meant to.
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Re: Throwing in the towel on my truck
[Re: Remington270]
#2295598
11/16/17 01:04 PM
11/16/17 01:04 PM
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steelman
OP
Unregistered
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steelman
OP
Unregistered
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Go to carmax immediately and get a trade-in offer. They'll buy the trade in without actually making you buy a car from them. Hmmmm so how will that affect me and the lender? ....if they give you $28K or close to it, you take it and give it to the lender. Easy peasy. Got my attention.. So say they offer 23k.. What happens to the 5k difference? I have to come out of pocket??
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Re: Throwing in the towel on my truck
[Re: IDOT]
#2295604
11/16/17 01:06 PM
11/16/17 01:06 PM
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steelman
OP
Unregistered
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steelman
OP
Unregistered
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Do you own your house or rent? Own it How long have you owned it and do you have any equity? Well I say own it.. I'm not renting, we have been paying the mortgage company 7years Depending on your homes value, you could take an equity loan out and catch your truck up on payments and then sell it. This would be much better than destroying your credit AND still owing on that truck. If they file a judgement on you, you'll be on the hook forever on that truck and you'll never get it paid off. That's a good idea, thanks for mentioning that.. I never thought about that route .
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Re: Throwing in the towel on my truck
[Re: ]
#2295612
11/16/17 01:10 PM
11/16/17 01:10 PM
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steelman
OP
Unregistered
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steelman
OP
Unregistered
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So basically I had a truck gave to me that I can use to get back and forth to work and that is all I need.. My wife has a new buick enclave to get her and kids around.. I just can't justify putting 100 miles a day on a truck that I'm paying 600 a month on to drive back and forth to work
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Re: Throwing in the towel on my truck
[Re: ]
#2295626
11/16/17 01:22 PM
11/16/17 01:22 PM
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Joined: Jan 2005
Posts: 33,437
Your mom’s house
doekiller
Freak of Nature
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Freak of Nature
Joined: Jan 2005
Posts: 33,437
Your mom’s house
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Dang it man, how much did you pay for it? And when 31k about 11 months ago. And yes I was stupid and took the shaft what was your interest rate 15%
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Re: Throwing in the towel on my truck
[Re: doekiller]
#2295635
11/16/17 01:28 PM
11/16/17 01:28 PM
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steelman
OP
Unregistered
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steelman
OP
Unregistered
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Dang it man, how much did you pay for it? And when 31k about 11 months ago. And yes I was stupid and took the shaft what was your interest rate 15% I will have to look to tell you for sure but I want to say 11%
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