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Author: admin | Category: Loan Calculator Canada | Date: 01.08.2014

January 20, 2015 By Elle Leave a Comment Last show’s topic was getting rid of your car loan faster.
As stressful as it can be, there’s another situation that can make car loans even more taxing -when you owe more than what the car is worth. When you have a car loan you’re trying to get out of a car loan (upside down or not), you have to have all your numbers in front of you. Subscribe to Couple Money Podcast via iTunes, Stitcher, or copy this link to use with a podcatcher of your choice. You can also find me hanging out on Twitter and Facebook. This is a long shot because you have to account for the difference between what you owe and what the car is worth.

The problem of course that what you sell the car for will most likely be less than what you owe.
Selling the car means that you have to be able to transfer the title so either they can work with you and get an arrangement made or you may have to go to your local credit union or bank and take out a personal loan to cover the difference. Know Your Car and Buyer – Go ahead and picture who would be the most likely person to buy your car. If you have any other suggestions for digging out from an upside down car loan, please send them in. If your budget is already stretched, removing this debt as fast as possible can be a huge relief.

When you put the word out you want to make sure highlight the features that matter most to them. Instead you’re better off putting it out there for a competitive price and having someone snag it sooner rather than later. While it doesn’t have to be a perfect sunny day, do make sure the sun is out and your car is looking shiny and new.

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