Financing a used car when I already have a financed car.......?
I am currently financing a car that I HATE. It is awful- everything goes wrong with it and it's not very safe. I don't have a lot of money, I have bad credit and I would only be able to get half of what I owe on it for a trade-in. Is there anything I can do?
Public Comments
- I'd try to stick it out with the "hated" vehicle, at least until you're out from under, unless you can sell it privately to a "gullible" person, who won't mind the unprdictability of owning a car with which "everything goes wrong". When you can get an equal to or slightly better than the amount that you owe, sell it, trade it or otherwise get rid of it. Than use any surplus as a down payment on a more desireable vehicle. Until that time, basically, you're between a rock and a hard place. Good luck!
- If you think that you are paying a higher repayment amount for your existing car loan<!--then you can bring it down. With the help of refinance car loans, you can switch the loan plan with effective loan management. http://badcredits.awardspace.com/refinance-car-loan-bad-credit.htm If you think your lender is charging a higher interest rate on your car loans then you can look at the refinance car loans option. With the help of a refinance car loan, you can avail multiple benefits. Firstly, you may reduce-->your monthly costs. Secondly, you may avail a competitive interest rate. Thirdly, you could be getting a flexible repayment period. Overall, you will be managing your loan a lot better.
