I NEED TO FIND FINANCING AFTER A REPOSSEEION.
I BOUGHT A 2016 VERSA AND I WAS SUPOSED TO TRADE A DODGE CARAVAN AND THE DEALER SAID I HAD TO KEEP THE CARAVAN BECAUSE I OWED MORE THAN IT WAS WORTH. NOW I HAVE TWO CAR S I CANNOT AFFORD. I NEED TO FIND AN HONEST DEALER THAT WILL HELP ME GET STRAIGHT. I AM DISABLED AND PEOPLE SHOULD NOT TAKE ADVANTAGE OF ME.
A dealer will not help you with paying on the car, as you found out dealers just sell cars. You need to seek the assistance of a financial advisor. You might be told to sell one of the cars at a loss or refinance your loans. Stop into your local bank and see what they can do for you.
Appraise your car on Edmunds or another Blue Book type website and see what it is worth. Compare that to what you owe to see if you are upside down or not. If you can sell your old car through a private sale you can get more money than by trading it in so MAYBE you can fix your mistake.
When a vehicle is repossessed the bank or finance company sends it to auction. Once it's sold you then get a bill for the remaining balance on the loan. Or, if the vehicle is in good shape you may actually get a check if the vehicle sold for more than you owe on it. If it were me, since you have 2 vehicles, I'd make arrangements to voluntarily surrender the one you don't want to the bank. Then they'll sell it and you can make arrangements to pay off any remaining balance. Many years ago I did this and actually came out ahead. I received a check for $600 from the bank after my truck was sold at auction. It was 3 years old at the time and in very good condition. If you cooperate with the bank you'll get better results. HTH. -Jim
Keep in mind your car won't fetch much at auction unless it is pristine. Even then it will sell at way below low Blue Book.
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