2010 Fall Car Guide
Couple in car
auto
When your car loan is killing you

Sell your car yourself
Next
5 of 8
Back

Fix says another solution is to sell the car and pay off your car loan. Try to sell it for the balance owed.

"If you're still going to have a balance on the loan after that, putting that balance on a credit card is one of the worst situations you can put yourself in," says Fix.

Of course, you'll still need transportation of some sort. Fix suggests buying a used car or a scooter, taking the bus, biking or joining a ride-share program.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CAR & MONEY NEWSLETTER

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Cheap gas boosts holiday travel

With gas prices at the lowest they have been for Thanksgiving in five years, holiday travel this year will be up significantly, says AAA.  ... Read more


Connect with us