Want to sell car - need advice

Avatar for cherfer
iVillage Member
Registered: 11-11-2003
Want to sell car - need advice
2
Mon, 10-18-2004 - 8:16am
I recently moved to a big city and I rarely use my car anymore. I just bought it a year ago and I still owe more on the loan than the blue book says it's worth.

Is there anyway I can sell it, or am I stuck with it until I pay in off in 4 more years??

iVillage Member
Registered: 02-19-2004
Mon, 10-18-2004 - 9:45am
How much more do you owe than you can sell it for? Check local listings for cars like yours to ensure you have an accurate price. I guess your choice is to pay for 4 more years on a car you don't need, or pay the loan down to the market value and sell it. If you don't need it, it will cost you less to pay the loan down a little than to pay until it's paid off.

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Avatar for cherfer
iVillage Member
Registered: 11-11-2003
Mon, 10-18-2004 - 10:05pm
Thanks, I'm still looking into it. It's just a shame I didn't keep my old paid off clunker for an extra year!