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Reply to "Get out of Bridgecrest loan."
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[quote=Anonymous][quote=Anonymous]Bought a used lemon. Car is underwater by 10k and needs 7k work. Does not drive What is the safest way for me to get out from this bad deal? Voluntary repo appears to go on my credit. I’m willing to hand car in and keep making payments on the remaining 10. At least I would not have to pay insurnce etc for a no working, frankly dangerous car.[/quote] The amount you are underwater is determined by the difference between what you owe and what it would sell for. You are either double counting the 7k in work it needs, or more likely, not counting it at all in arriving at your sales price. Just sell it and move on. [/quote]
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