Find Senior Care (City or Zip)
Join Now Log In
P
purpleorchids Asked June 2014

Can't afford to fix the car. Any suggestions?

My parents still owe 3,000 on a car that now needs 2,800 to fix. Neither of them is in good enough shape to drive any more and they don't have any money to fix it. I can't take it off of insurance while there's still a loan outstanding. Any suggestions?

purpleorchids Jun 2014
thanks. I'll look into that. Appreciate your thoughts

pamstegma Jun 2014
Try to work with the lender, the worst they can do is repossess and auction it off. If the book value is more than $3000, they may be willing to close the loan and take the vehicle. Take the plates off, cancel the registration and send proof of plate surrender to the insurance company.

ADVERTISEMENT


ADVERTISEMENT

Ask a Question

Subscribe to
Our Newsletter