indigo28

iTrader: (2)

I have a 2008 silverado ext cab texas edition that Id like to get out of, but owe too much on the loan, to trade in, so was wondering if anyone had any legal suggestions for me to get out of this truck without messing up my credit.

any help will be appreciated

A-Dub

iTrader: (6)

Why can't you sell it? Private party is higher than trade in

indigo28

iTrader: (2)

When i bought it, i went upside down so much that the I owe more than its worth just by 3-4 grand.

kornfreak_401

iTrader: (77)

try selling through autotrader asap and suck it up and learn your lesson. sucks man but just get rid of it.

Nine Ball

iTrader: (38)

there is no legal way to get out of it without being upside down or ruining your credit. Like kornfreak said, consider it an expensive lesson. We all make the same mistakes sometimes.

Dirty 30

iTrader: (96)

Have one of your family members take over the payments.

Dirty 30

iTrader: (96)

How much do you owe and how much is it worth?

indigo28

iTrader: (2)

I Need It Out Of My Name. I Owe Bout 30k, Its Worth Maybe About 25k Or So, I Have 8k Miles On It.

rayosequis

iTrader: (13)

Not exactly addressing your concerns here, but do you have GAP insurance ? On the off chance that you did get in an accident or if it got stolen, you would be stuck owing the lender whatever the amount you are upside down.

astig00

The Autotrader was mentioned above. Also cars.com would be another good option as they have a run till sold.

You could take out a side note for the unpaid balance and still keep your good credit history.

SJRTX

iTrader: (1)

Its not worth 25k. With rebates you can almost get a new one for that (+TTL). And thats still sticker, nothing negotiated off the price. Sounds like you paid sticker- rebates, rolled in some negative equity, and financed your TTL.

Best advice is to keep paying it. And try to pay down the principle as much as possible.

indigo28

iTrader: (2)

yes i have gap insurance. Ill just refinance for a lower payment i guess is my best option

indigo28

iTrader: (2)

and yes with the rebates and discounting they give, the truck will come out to $27k new, the used sugg. retail on the 2007 is 26k,and the trade in on excellent condition is 20k, so mine being 2008 should be right around 2-3k more in trade in value.

Stang's Bane

iTrader: (22)

Burn it.

BAD2000TA

iTrader: (6)

Here comes another insurance increase.......

indigo28

iTrader: (2)

Lol. Im Sure Id Fold Like A Lawn Chair If I Did That And They Questioned Me About It. Ha

BAD2000TA

iTrader: (6)

LOL - me too! "we have video of you torching your car, sir." AHHH, OK, I confess!!

I wouldn't do well in CIA training, I think......

Stang's Bane

iTrader: (22)

Just pull off the highway into tall grass.....

I am just kidding, I would never do anything like that.

I knew a guy that did and got caught, it was not a very pretty scene...

JScamaro

iTrader: (6)

I'm sure you learned a lesson now. Imo its best to put enough money down on the vehicle so when you roll off the lot you are not upside down.

If you can't do this, you can't afford the vehicle.

indigo28

iTrader: (2)

i can afford the vehicle TRUST ME. just wanted back into the sports car world.