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View Poll Results: Best option to make a long distance move possible?
Use a friend's address in another city on my resume 0 0%
Get a second job to shorten five years to three 9 90.00%
Surrender my car to the bank and ruin my credit 0 0%
Continue with the status quo and simply hold out five years 1 10.00%
Voters: 10. You may not vote on this poll

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Old 05-13-2015, 09:56 AM
 
Location: Way up high
22,339 posts, read 29,439,446 times
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There's no way you can get out of that loan. You're basically stuck so I suggest the second job and put some extra money towards the payment every month
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Old 05-16-2015, 07:41 AM
 
Location: SW Florida
2,432 posts, read 2,692,335 times
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Option 2, you need to pay that loan off asap. The new sooner the better. Once thats gone, you are able to save up more for the move and then locate the job..I suppose using a friends address would be alright but I have never tried it myself.

is there anyway you can sell the car for the amount of loan and then buy something real cheap? Or is it not worth the value of the loan?
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Old 05-20-2015, 01:00 PM
 
Location: The Republic of Gilead
12,716 posts, read 7,815,064 times
Reputation: 11338
Quote:
Originally Posted by Icemodeled View Post
Option 2, you need to pay that loan off asap. The new sooner the better. Once thats gone, you are able to save up more for the move and then locate the job..I suppose using a friends address would be alright but I have never tried it myself.

is there anyway you can sell the car for the amount of loan and then buy something real cheap? Or is it not worth the value of the loan?
I am currently over $15,000 upside down on the car being that I rolled a lot of negative equity into it. Buying this car was literally the worst decision of my life, worse than moving to OKC in the first place. Selling it is not an option. If I could do that I would in a heartbeat. As it stands though, the only way out of this car is for me to default on it, which would come at a huge cost.
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