Well we have a truck and our payments are extraordinarily high. My boyfriend get a new truck lacking trading in the other because if we did they needed to charge us $400 more a month. He now have the truck he wants and fixed hes not going to try to get another. the truck we have was terrifically simple and the new truck is fully loaded and payments are like. The dealership told him to just surrender the other and by him doing that he it wont affect him that impossible. But should it matter because we dont plan on getting anymore vehicle anytime soon. i just only just got a brand exotic car a few months ago and presently he has his brand contemporary truck. But will we be stuck on paying on the other truck. Its was 28000 truck and probably worth almost alike because its only a year antediluvian. And we already tried getting someone to take over the payments but its basically too high. No one wishes to take over. So is it a suitable idea. I dont ruminate we have too tons choices.
Try to sell it first. Either method, this situation stinks. If you "surrender" the vehicle, it will still show up as a repo on your/his credit! Even without trading it within, you are probably still upside down in the spanking new truck loan. The payments are not the same, because you guys immediately have 3 motor notes. Damn motor salesmen! You say you might not want anything for a while? You don't know what can happen. I'm sorry girl, but you guys are character of screwed unless you can sell the ripened truck.
If he just 'surrenders' it, he will probably lug a hit to his credit rating, plus he might still end up owing money on it anyway.
It sounds resembling this dealership is screwing him over royally, any that or your boyfriend is an idiot.
I would try to find someone to buy the original truck, and try to catch as much money out of it as possible - if it is a year old (even if it is contained by good condition) most vehicle depreciate quickly the second you go off the car lot, and you aren't going to be capable of get that much for it - hopefully satisfactory to pay it most of the process off.
If these are work trucks, and are essential for some business that your b/f is running, then it is one entity. If these are just personal vehicle, then he is screw himself into a hole.
Answers: Are you saying he's planning on defaulting on a year prehistoric truck loan? Not making the payments? Can we say repo? Can we read out REALLY bad credit? What if he totals that truck subsequent year (God forbid) and has to return with a new one? His insurance will lone pay past its sell-by date the loan on the totalled truck (maybe), so he'd need a strange loan to replace the totalled truck. You need to do something next to that old truck to pay envelope it off or you're going to be contained by a world of hurt. (He will anyway).
What is the cost for driving near...
Try to sell it first. Either method, this situation stinks. If you "surrender" the vehicle, it will still show up as a repo on your/his credit! Even without trading it within, you are probably still upside down in the spanking new truck loan. The payments are not the same, because you guys immediately have 3 motor notes. Damn motor salesmen! You say you might not want anything for a while? You don't know what can happen. I'm sorry girl, but you guys are character of screwed unless you can sell the ripened truck.
What is a correct saloon insurance company?
If he just 'surrenders' it, he will probably lug a hit to his credit rating, plus he might still end up owing money on it anyway.
It sounds resembling this dealership is screwing him over royally, any that or your boyfriend is an idiot.
I would try to find someone to buy the original truck, and try to catch as much money out of it as possible - if it is a year old (even if it is contained by good condition) most vehicle depreciate quickly the second you go off the car lot, and you aren't going to be capable of get that much for it - hopefully satisfactory to pay it most of the process off.
If these are work trucks, and are essential for some business that your b/f is running, then it is one entity. If these are just personal vehicle, then he is screw himself into a hole.
Answers: Are you saying he's planning on defaulting on a year prehistoric truck loan? Not making the payments? Can we say repo? Can we read out REALLY bad credit? What if he totals that truck subsequent year (God forbid) and has to return with a new one? His insurance will lone pay past its sell-by date the loan on the totalled truck (maybe), so he'd need a strange loan to replace the totalled truck. You need to do something next to that old truck to pay envelope it off or you're going to be contained by a world of hurt. (He will anyway).
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