trying to sell my car

Asked by Mark Nov 14, 2020 at 10:26 AM about the 2015 Buick LaCrosse Leather FWD

Question type: Car Selling & Trading In

Hi
I just financed a 2015 Buick Lacross and paid $10,000 on a down payment on the
car and was listed for $14,000 .
I just received my loan statement and the pay off is $9,000 for 4 years!.
This is way more than I bargained for; 3 years at the most. and not a $9,000
pay off!
To get out of this financial mess would it make sense to sell the car? I had been
offered $8,500 from a car dealer and a Cadillac dealer $6,000 if I would buy a used
Cadillac for $8,000 and pay $250/months for 48 months.
In hindsight I should have never bought the car but now that I did unfortunately how
do I get out of this mess/ Thank you in advance. Mark  

2 Answers

40,160

You can sell the car yourself and probably get $10K for it, then you'll have $1K to put down on another vehicle. Why are you selling? Do you not like it? If you don't mind driving it, just keep it and pay it down. Why go into another car loan if you don't have to? Are you worried about depreciation? All cars lose value, some quicker than others. Your just setting yourself up for another loan in another cars.

1 people found this helpful.

First investigate the price. The sales price would have the registration and sales tax added to it which would run up the final price a grand or two. The 9 grand pay off may be including the interest you will be paying. See what the actual loan balance is before you lose even more money dumping the car.

2 people found this helpful.

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