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    Thread: Upside down loan?

    1. #1
      tn94z's Avatar
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      Default Upside down loan?



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      My GF is upside down on her car loan. What is the best way to get out from under it?
      "He woke up because I kept punching him in the face." --Thiago Alves

      "I'm telling you, once your car's been stolen, it never runs the same again. It's like a guy sleeping with your girl. He leaves his mark all over her."- Drama (Entourage)

    2. #2
      O2BESOHUGE's Avatar
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      Default Re: Upside down loan?

      KILL YOUR GIRLFRIEND
      ..“Your desire to change must be greater than your desire to stay the same.”






    3. #3
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      Default Re: Upside down loan?

      Arghhhh...thats not a solution!!
      A faithful heart makes wishes come true.






    4. #4
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      Default Re: Upside down loan?

      Only way is to pay it off to bring it current
      Thomas Jefferson - "When the government fears the people there is liberty; when the people fear the government there is tyranny."



    5. #5
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      Default Re: Upside down loan?

      There is no easy way out. Either put enough extra in your payments to get right side up or when you purchase you next vehicle-roll it over, but your still gonna be upside down- but at least you'll have a new car and then focus on paying more than the min.

    6. #6
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      Default Re: Upside down loan?

      That's what I figured. Its not that bad. I mean she still drives it and likes it. I was just curious.
      "He woke up because I kept punching him in the face." --Thiago Alves

      "I'm telling you, once your car's been stolen, it never runs the same again. It's like a guy sleeping with your girl. He leaves his mark all over her."- Drama (Entourage)

    7. #7
      deepsouth's Avatar
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      Default Re: Upside down loan?

      been there done that -too many times myself!

    8. #8
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      Default Re: Upside down loan?

      Quote Originally Posted by deepsouth View Post
      There is no easy way out. Either put enough extra in your payments to get right side up or when you purchase you next vehicle-roll it over, but your still gonna be upside down- but at least you'll have a new car and then focus on paying more than the min.
      thats it, but i would suggest, if your gonna roll it, roll it into a lease...then after the 2 or 3 year lease term, you got a clean slate
      HE WHO MAKES A BEAST OF HIMSELF, GET'S RID OF THE PAIN OF BEING A MAN!!


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    9. #9
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      Default Re: Upside down loan?

      Quote Originally Posted by daved150 View Post
      thats it, but i would suggest, if your gonna roll it, roll it into a lease...then after the 2 or 3 year lease term, you got a clean slate
      That's a good idea dave - actually I don't know that I've ever thought of that.
      It may cost a bit more than a typical lease but you're right, you'll be clean at the end of it....as long as you dont drive 3 times the mileage limit like some people I know or trash it because they cant take care of sh!t that aint theirs!


      Good idea dave



      Sal

    10. #10
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      Default Re: Upside down loan?

      Quote Originally Posted by daved150 View Post
      thats it, but i would suggest, if your gonna roll it, roll it into a lease...then after the 2 or 3 year lease term, you got a clean slate
      Thats why your the master- I didn't think of that

    11. #11
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      Default Re: Upside down loan?

      Beat me to the punch daved150.
      I have done this once before.
      Push it, Pull it, Rack it. Repeat untill wide!!

      Take nothing I say as serious, What do I know, I sell water!!


      Vet@FitnessGeared.com




    12. #12
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      Default Re: Upside down loan?

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      Have it disappeared/stolen. Only if you have gap ins. Or do what daved150 suggests. J.R.

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