try to sell it out right first.
www.cars.com or www.autotrader.com a couple of places that you can list the
ford in online ads.
>From: Gary Hedlin <garyhedlin@sbcglobal.net>
>Reply-To: dakota-truck@dakota-truck.net
>To: dakota-truck-moderator@bent.twistedbits.net
>Subject: Re: DML: OT: Trade it or eat it?
>Date: Tue, 03 Aug 2004 22:00:34 -0500
>
>
>First thing I would do is hop on kelly blue book and see what's the truck
>worth. If it's worth less than what you owe, you're pretty much screwed.
>If you can sell it to pay the loan off, I would do that. Even if you have
>to fork over $2-300 to pay it off, it's worth it when you won't have that
>nightmare on your shoulders.
>
>I would NOT trade it in, that would be a "robbing peter to pay paul"
>scenereo. And, you would end up paying more in the long run.
>
>Situations like these need you to grab the bull by the balls and deal with
>the issue. Get some solid numbers, and act upon them. The more you delay,
>the worse it's gonna get.
>
>
>--
>Gary Hedlin
>www.garyhedlin.com
>(under construction)
>
>
>
>
>
>On 8/3/04 9:19 PM, in article BAY4-F4q3vjkovmk3zG00104825@hotmail.com,
>""Valentin Garcia"" <valentingar@msn.com> wrote:
>
> >
> > Sorry for the OT post, but I think between all of us in the DML family,
> > we've done it all or know someone who has.
> >
> > Situation:
> > I co-signed a loan for my brother (Ford Credit) back in Oct of 02. Well
> > things have been finacially difficult for him for the past 6 months. I
>have
> > been helping him make his payments and covering his insurance, but now
>he
> > has a baby on the way and as it stands he is giving me about 90% of his
>pay.
> > I told him to let the truck (03 EDGE) go and let me take the burden.
>Well
> > after about a month of deliberation (and nagging from his
>girlfriend/fiance)
> > he is gonna give it up. They have her truck and her parents are gonna
>buy
> > them a cheap car.
> >
> > Problem:
> > Should I call Ford and tell them to come pick it up (voluntery
>repossesion)
> > and have my credit jacked for the next 7 years, or try and trade it in
>and
> > have 3 car payments? Financially my wife and I will be okay, providing
>we
> > don't lose our jobs, have a kid, get divorced, etc. My Dak has 2 years
>and 2
> > months left on her, Her Neon is being used as collateral for the next 3
> > years, less if we up our payments. The Edge has 3 years and 4 months
>left on
> > it. I don't want to keep the Ford, but I am unsure on whether to trade
>it in
> > or Kill my credit for 7 years. Help me!!!!!
> >
> >
> > Any and all advice is appreciated. TIA!
> >
> >
> > Val Garcia
> > Houston TX
> > 2K2 SXT RegCab 3.9L V6
> > Graphite Metallic
> >
> > Flowmaster Deltaflow 40 series
> > Intense Performance Stage II Intake
> > Extreme Velocity Airhat
> >
> >
>
This archive was generated by hypermail 2b29 : Wed Sep 01 2004 - 00:53:40 EDT