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I have a car that im am going to get repo'd is there a way to save my credit
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HackedB     Reply with quote
Me and my ex broke up, she got drunk and pregnet with my so called best friend..i have a 30k lexus on BOTH our names, is there a way l can get my self off it or save my credit..the car was hers..i already had my 06 honda..
Wil     Reply with quote
You can always lease it out to someone but the only problem is that u would still be responsible for the vehicle if u leased it out. Secondly, u can always sell it, but getting the payoff amount is going to be touch to do. As far as saving ur credit, the best way to do this is to never put anything in ur girlfriend is name unless u r going to marry the person & know she is ur wife. Otherwise, u will just be screwed all over the place with girlfriends' leaving u for bestfriends & u always getting stuck with the vehicle. Last resort: Call the bank & advise them of the situation & see what the payoff balance is & see if u can sell it. If so, last resort . get a great camera, take some pictures & then place it on these websites for others to bid on it to get the higher price offered:

1) http://Ebay.com
2) http://WeOfferMore.com

Good Luck to you!

Much Love
Peace & Happiness
North     Reply with quote
Do not let it get repo'd. Sell it yourself. If they repo it they will first pay the repo guy towing fees and such. Then take it to auction sell it way under market price, then send you a bill for the remaining balance. Sell the car yourself. If you do not care about that be nice to your repo guy. Park the car in the street and maybe put an extra key in the sun visor. Do not tell the bank you are giving it up easy, or the repo guy will only get paid half.
zofta2     Reply with quote
How much is it insured for? Accidents do happen.
Coach     Reply with quote
win the lottory
Kim     Reply with quote
if it gets repo'd, ur credit is sunk, period. it would be better for u to take it & just make the payments or sell it outright & take a loss & pay the loss off.

cause the loss of credit will cost u more in the long run with higher % & all.

you learned a rule most of us men learn the hard way. NEVER put a woman on anything of yours till married. it will always bite u back hard otherwise.

ps - r not best friends just swell? mine after 17 yrs choose to steal my company from me & then destroy it all out of greed & a coke habit he hid from all while cheating on his wife.
Lostyo     Reply with quote
Only thing that can save you is calling the company you got the loan from. They may be willing to work out some type of new payment plan with you if you explain nicely your situation (not the relationship part) and could offer to pay a huge part of what you owe up front right now. If its to the repo point then you may have waited too long.
Bobyer     Reply with quote
If you let it get as far as repo the car will be wholesaled plus the repo and admin fees minus the amount you owe you will still be on the hook for the difference.
Give somebody a hell of a deal even if you sell the car for less than you owe you will be better off doing that, make up the difference and pay off the loan.
This way you save your credit and the few grand it cost you will be a learning fee. Consider this money well spent for the lesson learned.
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