PetesSweets might be biting the dust

Negatory on the BK. If your parents truly did co-sign the loan and you are the principal buyer then the courts can not touch the car so go ahead and trade it. If it is the other way around and you co-signed then your parents (in either Chp 13 or 7) can re-affirm the loan or just continue to pay on it and it will be fine. The finance company will not come and get the car if payments continue to be made. My guess is that the lawyer is trying to get their obligation off of the note, but if the car is traded without a Co-signer that would be a moot point.
If your name is anywhere on that loan document, keep the car. A repo would knock about 100-120 points off of your score and you won't be buying a car anytime soon.
 
indeed. I believe if I show the reciepts to my Allstate agent on the mods I've done to the car I'm sure that will increase it's trade-in value. I've put about 6-8k in aftermarket parts in it....
 
PetesSweets86 said:
indeed. I believe if I show the reciepts to my Allstate agent on the mods I've done to the car I'm sure that will increase it's trade-in value. I've put about 6-8k in aftermarket parts in it....
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Aftermarket parts rarely enhance the value of any trade-in. A nice set of wheels might get you an extra $500 but that is about it. 6-8k? In what? brakes, tires, suspension, lights, wheels??? You expect that to matter on a trade-in? Nope.

Why did your Mazda deal fall through? Didn't get enough on your trade did you? I feel your pain. But I love my Lincoln.
 
n8bachelor said:
Aftermarket parts rarely enhance the value of any trade-in. A nice set of wheels might get you an extra $500 but that is about it. 6-8k? In what? brakes, tires, suspension, lights, wheels??? You expect that to matter on a trade-in? Nope.

Why did your Mazda deal fall through? Didn't get enough on your trade did you? I feel your pain. But I love my Lincoln.
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the Lincoln was only worth 5k less than what I owe but none the less it's the fact I cannot get into another car while this lil bankrupcy :q:q:q:q is going on...

then again as I see it...if I truly want to get a car that's got a warrenty....i could always just get a warrenty for the Lincoln..that would be chea enough...and with starting my own bussiness I can deduct that in my tax reports
 
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