Overhaulin'

Selling car on upside down loan and getting new loan?

I would like to sell my car and get out of the loan. The difference in what I owe and what I could sell for according to KBB is $6000. My quesion is, my credit is pretty good I'd say but what are the chances is 1. being able to get a personal loan for that amount and 2. even being able to sell my 2006 Hyundai Sonata (good condition) for $10-11,000 per KBB? I have never sold a car so I don't know how hard they are to sell. Has anyone done this type of thing?? Please help!

Public Comments

1. In short, keep it. People do this and roll the loan balance of one car into another car as well. Look at their threads asking for help. That's how this works and it's never going to work well for those buyers who dig themselves into a deeper hole...
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