Get out of Bridgecrest loan.

[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.

[Anonymous]

Can you sell it for parts?

[Anonymous]

Anonymous wrote: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.

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.

[Anonymous]

If it runs go to car max or something like that trade it in.

If does not run find junkyard parts to get it running and trade it in to car max etc.

My friend in similar situation had a Camry Lemon with engine seized up. Junkyard sold get a used engine 90 day warranty, they put it in and told her we no nothing about engine out of totaled car so sell car before 90 days. Which she did and paid off most of loan