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re: Need advice re: car payment with high interest rate**UPDATE on page 3**
Posted on 7/14/13 at 10:11 am to King of New Orleans
Posted on 7/14/13 at 10:11 am to King of New Orleans
quote:
My question: if I was able to co-sign
Do not do this under any circumstances.
quote:
Are there any other options?
Pay off the freakin' loan or sell the freakin' car and take the loss.
quote:
I've also thought about putting the car in my name to bring the rate way down.
Yeah, if your bank will finance it as a private sale, you can buy the car from her - then let her continue driving it.
However, rather than throw good money behind bad, I would take the loss - did she do something stupid like finance for 60+ months?
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