2008 silverado texas edition

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Old Jun 2, 2008 | 03:14 PM
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Default 2008 silverado texas edition

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
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Old Jun 2, 2008 | 03:45 PM
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Why can't you sell it? Private party is higher than trade in
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Old Jun 2, 2008 | 03:57 PM
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When i bought it, i went upside down so much that the I owe more than its worth just by 3-4 grand.
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Old Jun 2, 2008 | 04:40 PM
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try selling through autotrader asap and suck it up and learn your lesson. sucks man but just get rid of it.
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Old Jun 2, 2008 | 04:46 PM
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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.
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Old Jun 2, 2008 | 05:15 PM
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Have one of your family members take over the payments.
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Old Jun 2, 2008 | 05:16 PM
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How much do you owe and how much is it worth?
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Old Jun 2, 2008 | 05:46 PM
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I Need It Out Of My Name. I Owe Bout 30k, Its Worth Maybe About 25k Or So, I Have 8k Miles On It.
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Old Jun 2, 2008 | 05:56 PM
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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.
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Old Jun 2, 2008 | 09:53 PM
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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.
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Old Jun 3, 2008 | 12:14 AM
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Originally Posted by indigo28
I Need It Out Of My Name. I Owe Bout 30k, Its Worth Maybe About 25k Or So, I Have 8k Miles On It.
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.
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Old Jun 3, 2008 | 09:05 AM
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yes i have gap insurance. Ill just refinance for a lower payment i guess is my best option
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Old Jun 3, 2008 | 09:18 AM
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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.
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Old Jun 3, 2008 | 12:15 PM
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Burn it.
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Old Jun 3, 2008 | 12:33 PM
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Originally Posted by Stang's Bane
Burn it.
Here comes another insurance increase.......
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Old Jun 3, 2008 | 12:36 PM
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Lol. Im Sure Id Fold Like A Lawn Chair If I Did That And They Questioned Me About It. Ha
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Old Jun 3, 2008 | 01:02 PM
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Originally Posted by indigo28
Lol. Im Sure Id Fold Like A Lawn Chair If I Did That And They Questioned Me About It. Ha
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......
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Old Jun 3, 2008 | 01:38 PM
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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...
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Old Jun 3, 2008 | 02:54 PM
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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.
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Old Jun 3, 2008 | 03:16 PM
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i can afford the vehicle TRUST ME. just wanted back into the sports car world.
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