Overhaulin'

I would like to get rid of my car note...Should I buy a cash car and sell my note to Car Max?

I would like to stop paying $426.00 for my 2003 Honda. I have about two years left. Lately I have been thinking about selling my car to Car Max and purchasing a older model BMW in the $2500.00 range. I am really tired of paying a car note. What should I do?

Public Comments

1. Whatever you do, don't take your car to Carmax. They will under cut the value of your car by a huge amount. The amount they offer you probably won't even pay off your loan. Sell the car if you no longer want it, but don't sell it wholesale to a dealer, sell it for retail to an individual.
2. Car Max will give you a real world offer price for your car. You may or may nor like the price but unlike the various books it is real money. If the figure works for your plan then go for it, I have a feeling that they are going to come up short. there is nothing wrong with trying though.