I bought a truck several years ago that I really cannot afford. I have tried to sell it every way I know how (local papers, eBay, on-line, car ads, etc.) to no avail. I've went to numerous car dealerships, both used & new, and they all want to buy the truck (for less than I owe on it) with the condition that I buy another car and/or truck from them! They just don't seem to get it that I am trying to get out of debt, not stay in debt, or get into debt further! I filed bankruptcy 4 years ago, so that is not an option. I owe $12,000 on this truck, and I need to get rid of it. Can someone please help?!

I still think your best option is to sell it for the most you can get from it. Have it detailed inside and out and sell it. Yes, you'll still owe the lender, but unless the difference between the sale price and the balance is huge, then your pain will be short.

What's the best offer you got for it not including the dealers that would only do a trade-in?

I was offered 10,000, which is 2000 short. The bank won't release the title without me coming up with that amount... which, unfortunately I don't have.

You could go and take out a new sepertae 2,000 loan, that way, selling the truck and thereby only owing 2,000

We spent weeks searching the AutoTrader, want ads and local lots looking for a car for my son. Couldn't believe some of the prices. Unfortunately many vehicles lost a lot of value just driving them off the lot, so it sounds like your truck is over-priced.

Value is what you can sell the truck for, not what you have left to pay off. You may have to sell at a loss, then take out a small personal loan to cover the difference to clear the title.

Take one of the numerous credit cards up on their offer. I get dozens in the mail. Some even issue checks that can be written to transfer debt at no interest for some fixed period. Read all the fine print and do NOT miss a payment deadline to the credit card company or you'll be starting another thread about Capitol One cards.

Never use the credit card - that part is charged interest and its usually bad. They count on you not having enough discipline not to use it. Pay the truck loan down with the check and then sell it for a breakeven. If you pay the credit card off in time, you'll have had an interest free loan and built up your credit history too! :cool:

The only other option is to refinance the truck longer but plan on taking it in the wallet over interest on a used vehicle loan. Start with who you are presently financed but talk to credit unions too, not banks.

Have you checked Edmunds.com or kbb.com to see what the book value of the truck is?