Finance Questions

Archive for November, 2005

Question: Should I purposely have my car reposessed?

I have owned my current vehicle for 10 months. I desperatley want to trade it in for a new vehicle. However, trading it in would mean adding 6k of negative equity. This makes the new vehicles price much higher than it is worth and requiring $1800 down. However, if I do not trade in my vehicle, my payments would be lower and I would only need $500 down. Yes I know this would be horrible to have on my record. However, I actually had a repo 3 years ago (and was still able to finance a vehicle). Not to mention by keeping this newer vehicle and making all successful payments it should prove that I was responsible.

Answer: Dont do it. Youve had 1 repo allready. 2 repos and you are not going to see the inside of a new car w/ out a lot of money. Ive been in the second chance finance, car business. With 2 repos you will need alot of cash,maybe paying cash for the car all together,or you can go to a note lot or a drive time and buy a car thats sure to break down due to its poor condition and high miles.Theres also interrest rates,IF you get approved the rates will be sky high.

Deal w/ what you have,establish your credit THEN trade it in

Detroit auto bailout? Yes, but fire the CEOs first

Question: Are there loan home re Finance Mortgage debt consolidation in the Uk ?

Answer: consolidate debt in uk
More consolidate debt in uk Resources at:

http://www.creditcarddebtguidesite.com/3/consolidate-debt-in-uk.html

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