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/biz/ - Business & Finance

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55600004 No.55600004 [Reply] [Original]

How do I get rid of a car loan I can barely pay?
Just stop paying and wait for them to repo the car?

>> No.55600026

https://www.youtube.com/watch?v=MgZoC9hpOQw

getting your car repo'd can be fun

>> No.55600041

>>55600004
I guess, or you could try to sell it for more than you owe? idk

>> No.55600077

>>55600004
Lol. Go back to who you financed it with. And begin having a conversation about how you're not going to be able to make these payments. Car prices are still going up. They will likely be lenient with you. Don't stop paying idiot. You will likely have to turn the car over and still owe them. But again they could be very lenient with you. They would rather something like this happen than have to go through some repo company and pay to get this car back. At the end of the day they would prefer everyone who has been loaned the vehicle to continue to pay.

You are likely going to have to find new ways of transportation before you can come up with a better plan

>> No.55600102

>>55600004
Burn it down, set fire to it but first sell the wheels, sell the steering wheel, sell the shift knob, sell the radio, sell the the seats, part as much as you can from it.

>> No.55600140

>>55600102
fuck off. i work insurance. don't do this and potentially ruin your life.

>> No.55600319

>>55600004
dont pay
hide the car in the garage
all your shopping needs to be done in 5 mins or less ideally with someone else and the car is left on at all times when not at home

>> No.55600341

>>55600140
what about parking it in the "dark" side of town with the keys inside. how hard is it to deny a payout on grounds of negligence or fraud?