Overhaulin'

upside down car loan plz help!!!!!!!!!!!!?

i am in a upside car loan by about 13k i have a 2001 cadillac seville sts with 44k miles on it and owe 21k on it. i am paying 19% interest on it and need help refinancing, or finding a better situation.i took the car bc i was told i would be able to refinance it after one year by the dealership who said he would do it for me. now they are not helping. what can i do to get myself out of this situation or at least into a better one anyone plzzzzzz help. i also have not made any late payments on the car or any of my other bills for that matter, and i have about 1yr worth of credit which is about a 670.

Public Comments

1. http://www.daveramsey.com/ Dave will have all the info you need, not just to get out of this mess, but to avoid getting into new ones. He helps people like you every day Good luck!
2. What? You want a magic pill to make this easy? You need to get a night job and PAY the damn car off, or at least down enough to be able to sell it. S*it, dude, you could have bought one on a damn credit card for less interest.
3. Go around to every bank in your town, explain your mess and beg for a better loan. Someone will help you out. Chances are you are stuck with what you owe on it regardless, but a different bank might be able to get you a better loan with a better intrest rate. In the future- NEVER EVER trust a used car salesman. NEVER. I dont care if they tell you the car is red, you better double check to make certain. Used car salesmen are the scum of the earth. They will lie to you every which way they can just to make a sale.
4. Holy cow.... I wish I was your salesman!!!!!!!!!
5. check out prosper.com, people help other people with loans, I haven't had one from there but I was looking around on the website and with what I saw it may benefit you to check it out. Hope you find something to help you out, good luck.
6. Check blue book on the car. Is it worth the payoff amount? Could you find someone to buy it on the condition they assume the loan . You could ask about a voluntary repossession but that kills your credit score. Talk to another dealership about trading it in on another car. Just some hints to try and help.
7. google on "refinance car" and you will get about a zillion companies that want your business.