How to get rid of my car? - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
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post #1 of 12 (permalink) Old 07-06-2012, 07:38 PM Thread Starter
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How to get rid of my car?

Anyone know how to legally get rid of a car? I owe maybe a few grand more than its worth but I don't use it anymore. Is my only option to pay it down first? I'm not in financial trouble, etc..just don't want to pay for something I don't use. The reason is, I have a company car now that I can use for personall use..so I don't really need the gti. If anything it's just a fun weekend car now.
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post #2 of 12 (permalink) Old 07-06-2012, 08:08 PM
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Re: How to get rid of my car?

Find someone to take over payments, sell it and pay the difference, or default on the loan. I believe those are the only options.



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post #3 of 12 (permalink) Old 07-06-2012, 08:13 PM
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Re: How to get rid of my car?

or strip the shit out of it and make it a track car

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post #4 of 12 (permalink) Old 07-06-2012, 09:21 PM Thread Starter
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Re: How to get rid of my car?

[quote author=adumbrille link=topic=211326.msg4246990#msg4246990 date=1341620034]
or strip the shit out of it and make it a track car
[/quote]

Kind of want to but it's fwd and were looking to buy a larger house so we can have a second baby.
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post #5 of 12 (permalink) Old 07-06-2012, 09:55 PM
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Re: How to get rid of my car?

Bring it to Newark
Leave keys on front seat with window down
Collect insurance moneez


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post #6 of 12 (permalink) Old 07-07-2012, 02:10 AM
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Re: How to get rid of my car?

I hate to say it, but Fluffy's got the right idea.


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post #7 of 12 (permalink) Old 07-07-2012, 04:57 PM
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Re: How to get rid of my car?

Still doesn't help him since the fact he owes more than what it's worth....unless he's got gap insurance.

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post #8 of 12 (permalink) Old 07-07-2012, 05:13 PM
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Re: How to get rid of my car?

I forgot one more step.

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post #9 of 12 (permalink) Old 07-07-2012, 05:14 PM
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Re: How to get rid of my car?

have you had it appraised to see how large the difference is?
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post #10 of 12 (permalink) Old 07-07-2012, 07:31 PM Thread Starter
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Re: How to get rid of my car?

I do have gap insurance but I never got it appraised. I don't even know what my payoff amount is...
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