Want to get rid of the wagon.

[stepping razor]

Hey fellas..i got a 2012 ve equipe sports wagon.only done 42000 kms first owner and its in good excellent condition....
I dont want it any more,i had it evaluated for $11000 .which aint enough to pay it all off...the balance of the car left owing is $19000..im paying $200 weekly...foes any one have any ideas or suggestions on what i could do...i dont know much about selling or dealing with vehicles. Cheers

 

[gossie]

With all due respect that's about what it's worth.
Advertise it at 19 and sorry to say you won't get a caller......Or maybe a low ball offer????????
Your much better and keep it until it's paid off as it has very few kilometers on it and I assume well and properly looked after.

 

[stepping razor]

Cheers gossie thanks for the input..do u rekon it would be a good idea to let someobe else take over the payments and get it signed over to them.?i know im nit hina get any thing back from it..but it would be out of my hands then.

 

[gossie]

Cheers gossie thanks for the input..do u rekon it would be a good idea to let someobe else take over the payments and get it signed over to them.?i know im nit hina get any thing back from it..but it would be out of my hands then.

If you can of course. Up to you and a buyer if you find one to negotiate.

 

[rambunctious]

Cheers gossie thanks for the input..do u rekon it would be a good idea to let someobe else take over the payments and get it signed over to them.?i know im nit hina get any thing back from it..but it would be out of my hands then.

The car is owned by the finance company so you are responsible for all payments until it is totally paid out.
You cannot sell or dispose of it in any way without paying it out.

It does not make any difference what agreement you make with a purchaser, it is still your responsibility to see the total debt cleared, you cannot transfer the debt from your name to someone else, and in all honesty, who is going to agree to pay $19000 on a car worth $11000.

Sorry to say you are stuck with it, and while it is no consolation, there are thousands of people in your position.

 

[UnmedicatedLunatic]

The car is owned by the finance company so you are responsible for all payments until it is totally paid out.
You cannot sell or dispose of it in any way without paying it out.

It does not make any difference what agreement you make with a purchaser, it is still your responsibility to see the total debt cleared, you cannot transfer the debt from your name to someone else, and in all honesty, who is going to agree to pay $19000 on a car worth $11000.

Sorry to say you are stuck with it, and while it is no consolation, there are thousands of people in your position.

+1. Financers are total jerks when it comes to disposing of your car before it's paid out. They do this for a living, you're not the only one they've dug their claws into.

 

[VS 5.0]

+1. Financers are total jerks when it comes to disposing of your car before it's paid out. They do this for a living, you're not the only one they've dug their claws into.

Total jerks or simply protecting their interests ? The car is the security for the loan after all.

 

[rambunctious]

The car is actually owned by the finance company until the last payment is made, that is why it is called hire purchase.
You are only hiring it until you pay it out.

 

[KustomKulture62]

What were you looking to buy?

 

[Calaber]

What were you looking to buy?

Hopefully something the dealer will pay him $8000 to take away.