Ok here it goes. this thing with the evo all started about a year and half ago now. Well anyway i bought the car i was single and flush with cash. Well last year in April i got laid off from my job and the entire time not being able to find a job to replace the income i was making. Right now im doing fine because im back to work @ the job that i bought the car in in the first place. Now that im back and have been since October im all caught up on my bills and such from being laid off well the problem is now that im back to work and doing fine my company just announced that it is closing. This time unlike last time they gave me a 2 month notice. Now i have 6 weeks left at my job and a fairly large car payment and a serious relationship. All things must stay except the evo it means the least to me of everything.... Not to say i dont love the car but you know.... Anyway im getting laid off on June 13th and i get one month severance pay which is kinda nice. But anyway my question here is i owe 25k on my car still its an 03 with 30k miles. There is no way ill get 20k out of it even. and my credit is now shot because of the last time i was laid off. So i cant trade it in on somthing else with a lower payment. So do i A: let the bank come repo it or B: break my neck trying to keep the car and just hope that i can find another job that pays enough for me to make it???? anyway lol im taking Donations @ megachrisdog01@hotmail.com thats my paypal address lol......

 

Sorry to hear about your job loss...Perhaps you can consider having someone take over payments.

 

Man, what a spot! I feel for ya. Went through the same kinda thing when the environmentalists closed the forests in N. California. Economy (timber driven) went and I lost everything, my house and eventually my truck. Takes seven years for the stuff to fall off the credit report. You gotta do what you gotta do... I say let the car go 'cause the stress over payments can be like torture. Peace of mind is everything.

 

um. what kind of job did you have? what are you looking for? maybe somebody here can recommend a job solution for you? Dont let em repo the car.

 

B.

 

If you trade in on a cheaper car you can put the amount you are upside down into the new loan. So if you trade in the EVO for 23K and owe 25K you are adding 2K to the price of the new car.... if you get yourself a 12K kia or Hyundi you now have a 14K loan spread over 5 years..... and probably a lot lower payments than you have now. A repo looks real bad on a credit report.

Keith

 

Break your neck.

Even if you have bad credit, a repo is gonna really hurt ya in the future.

 

do not do repo...i know how it is...trust me... i was let go from my job too..and am now at my new job but had to take a 10k pay cut. I'm still keeping my car. My fiance and I just settled for a smaller apt. and did alot more budgeting. If it gets bad, then I will have to sell...but I would say, work your *** off and start looking for a gig now! then if all else fails then trade it in for something else. But try your damnest to find a new job now! you have 6 weeks to work your *** off in meetings and interviews dont give up just yet. when you least expect it, things will work out

 

dont give up just yet. when you least expect it, things will work out

thats deep....take this advice and use it wisely. Life sucks PERIOD! Just work your *** off

 

You could always sell it and then take a personal loan out for the difference, then pay off your 25k. You should be able to get 23k out of it I would imagine.

 

see once again my credit currently is bad enough that well.... i cant get a personal loan. and i cant trade the car in. some how i would have to sell it to a private party thats my only option..... the problem is last time i was laid off i had 6 30day behind payments in a row... i managed to keep it from going 3 months to the point of repo but that was basically it.... anyway thanks for the advice i guess ill have to work off joe dirt's advice "life's a garden, Dig it" lol