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    sweetdre01's Avatar
    sweetdre01 Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Jan 28, 2007, 03:50 PM
    Want to get rid of car
    I just bought a 2005 chrysler 300c for 37,000. It's a beautiful car but I don't want it anymore. It's a seven year loan and is a gas hog. I just had a baby and would like just a cheaper car and not such a long loan, so I can save more to purchase a house. What's the best way to get out of this loan? Should I keep it for a couple of years to pay some off then trade it in? Just try to sell it myself? Any advice
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #2

    Jan 28, 2007, 06:36 PM
    The longer you hold onto this beast the more money down the drain. Try to sell it now to get the most money and then pay off the loan early.
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