My brother is 65 and has diabetic neuropathy and has no feeling in feet. He has agreed to stop driving and wants to get rid of his car but he owes more than the car is worth. Not having a car payment or insurance payment will help with medical bills for in home health care. How can we get rid of the car?
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If it hasn’t already been done, call the
lien holder and request the payoff figure.
How did he plan to sell the car? Online? At a lot?
Used cars are more valuable in some areas due to the huge loss of cars during Hurricane Harvey. This would not be reflected in a blue book valuation.
Make sure the car is in pristine condition (detailed) for greater interest.
Perhaps brother has other valuables he could sell to help pay off the remainder?
If he bought his car new, it is not unusual to be upside down on the note for a period of time.
I have a BIL with diabetic neuropathy.has had it probably 10 years. He is in his early 70s. Wears braces on his legs. Still drives but very limited.
He works at a grocery chain gasoline kiosk and manages fairly well.
Your brother might consider a part time job.
I hope he finds a way to make it happen and that family steps up to help him get about once he is no longer a driver.
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