Sell your car yourself5 of 8Fix 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.<< Back to the 2010 Fall Car Guide table of contents. Related Articles:Save on next new carAuto loan calculatorLease or buy car?6 car-buying mistakesRelated Links:Car buying hints for 2010Checklist for test-driveBrand-new or new-to-you?Negotiating a car's priceadvertisement
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.
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A little research could save you BIG on interest.