I bought a brand new 05 compact car in 05... I currently owe around 10,000 still, I had 2 or 3 payments pushed back to the end of term. I let the insurance lapse for a couple months last year and my husband was in a wreck, he was at fault and there is damage to both drivers side doors, the car is in great shape other than that, runs great. I was 18 when I bought the car and didn't want it then... Last year I was given an SUV, which I love, has plenty of room for my 6 mo old twins and seems like the perfect vehicle for me. We have been struggling to keep up the payments on the car, which literally NEVER gets driven and I hate the car. I have seen lots of advice on reposession where people want to keep their car, but I don't want it. I am currently paying 320 a mo for a car I can't stand to look at let alone drive. From what I understant, the car is now worth around 5 or 6000. What should I do, I am delinquent this mo payment and they keep calling but I don't know what to do... I am aware that I will have to pay the difference of the selling price... and will suffer the consequences... do I have any other options?

You don't mention whether there is a co-signer. You will have to pay for the car, one way or the other. You can put it up for sale and subsidize the buyer by assisting him in the loan payoff, which means you will no longer have the car and the $320/month payment. Or increase your income and keep your payments and insurance current. If the car is repossessed, it will be sold for half of its value and you will be sued for the balance of the loan.

No cosigner

How would I go about doing that... post the car for sale and write what..

Don't understand your question... but contact the lender and know the name of whom you speak with. Tell him you want to sell the car, and find out the payoff. Put a 'for sale' sign in the window. When you get a buyer, go to the bank and work out the details of paying off the loan. If the car isn't worth the balance owed, you may have to sign another note to the lender, or come up with the cash some other way, to pay off the loan. Another way might be to go back to the dealership and see if it can help you get a buyer, but this might cost you some of the sale proceeds for commission and expenses.

If you let the car be repoed, it will have an even wrose affect on your credit. Plus the repo company will not work very hard to get the most for the car. And you will still owe whatever balance is left. So your best bet is to sell the car or get someone to take over the payments.