Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Smart Shopper Owe more than it's worth... I'm upside down and I can't get up!
1160 messages, Last post on Oct 22, 2009 at 7:11 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
|
Replying to: qbrozen (Dec 18, 2006 8:15 am) Anytime now I expect to read a post from someone who owes $25K on a Chevy Aveo...
|
|
|
Replying to: div2 (Dec 18, 2006 8:28 am) and doesn't like the color, so they HAVE to get something new ... but want a lower payment. |
|
|
|
|
Replying to: div2 (Dec 18, 2006 8:28 am) They bought it when Mitsibishi was doing their Zero down zero payments for X amount of months and then they rolled in a few thousand dollars of negative equity... They had only been making payments on it for 18 months I think and hadn't even paid off the taxes/registration fees yet. It would have been funny if it was not so sad. |
|
...not only burned Mitsubishi but a lot of folks who thought they could get ahead by not making payments on a vehicle for a year. I heard that Mitsu's finance arm had to do a lot of repos. But hey, they were briefly the most popular cars in many of Philly's marginal neighborhoods!
|
|
|
Replying to: lemko (Dec 18, 2006 8:55 am) |
|
|
Replying to: alteredwithin (Dec 17, 2006 10:11 am) That was the vibe I got, I just wanted to be sure...
|
|
|
Replying to: corvette (Dec 19, 2006 1:15 pm) This thread gets a desperate posters every now and then that are quite the same. I remember the gal that had to have a SUV at the end of 2005, when the gas prices were attached to a booster rocket and Metro Transit and bike shop were raking it in. Then a few months later she could not afford to put gas in it. I have no pity towards them any more. |
|
|
Hello, all. My mom got a 2006 Chevy Malibu last July. Well, just last month she had complications from heart failure and had to have triple bypass surgery. Of course now she's in recovery and probably won't be able to work to keep the car. Suggestions? We know the finance company wants the money, not the car. Is there any way out of this short of repossession? Any advice would be greatly appreciated.
|
|
|
Replying to: yusuf1 (Mar 10, 2007 4:13 am) |
|
|
I have had a time or two of having to do pretty much exactly what joel0622 describes. I've got a few physical problems that will lay me low for a while and I am the one at home that writes the checks and keeps the finances. In early 2002 I was pretty incapacitated for a month. Even when I could get around and do a little that payment didn't seem on the rush list when I was busy with recovery. I made a call to the lender on my car loan and explained the situation. They could not have been nicer about it. I proposed just skipping a month and extending teh loan out a month. No problem. My one other experience like that in my memory was a credit card that has an insanely low interest rate from quite a while ago on a transferred balance deal. Again I was ill and missed a deadline. This resulted in a late fee and the great interest rate turning into an ugly one. My wife made one phone call and they took off all fees and brought the interest rate back down. This was not a company normally known as nice guys. If you are straight with them they will usually make something work. Just a note - if your credit stinks and you have a history of late payments or defaults the above will not hold true. |
|
You are here:
Forums
Smart Shopper Owe more than it's worth... I'm upside down and I can't get up!
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
Browse by Board
Browse by Topic
Today's Chats
