Selling a car that is still being financed

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Tombstone
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Joined: Mon Aug 02, 2004 12:00 pm

Selling a car that is still being financed

Post by Tombstone »

Squeeker wrote: I bought a 2004 Grand Am about 3 months before I was fired from my job due to low productivity because of health problems. Now that I am receiving disability benefits instead of the salary I was making, I can't afford to keep the car. Is there a way to sell it even though it is still being financed --- without losing a fortune?


Unfortunately, I think you are in a tough spot. See how long you will need to make payments before you are not upside down anymore. Look at that amount and weigh it against cutting your losses right now. Good luck!
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