[David70]

Originally Posted by pgviper

If she is your fiance and not going anywhere then refinance with you co-signing and get a real interest rate. At this point, selling the car will only cause you to lose more money. Your best way to "increase" the value of this car is to hold onto it for as long as possible.

Another option, as some others mentioned, is find a family member willing to foot the principle of this car right now, one check and pay the thing off. Then have her pay back the family member.

But all in all, your only way of increasing the "value" of this vehicle is by holding onto it until it dies... (5, 10, 15, 20 years...)

X2.

Selling the car isn't the solution as the car isn't that bad but the financing is. If she can't refinance a year old loan on a used car for a lower rate than 15% then she has really bad credit.

Burning car sets her up for jail so maybe worth considering.

Bankruptcy might be an option.

You cosigning on a loan is also an option but it all comes down to how much you want to make her problem your problem.

[DJKapeesh]

Originally Posted by MightyMouseTech

Don't refinance. Re-fiance.

Sorry, but with all your posts, there is no way this is all real. I call troll.

My life is very real...

Unfortunatly

[CANGRKE70]

Originally Posted by DJKapeesh

My life is very real...

Unfortunatly

I say you be the next interview for bimmette

Oh and you need a life coach.

[Wolf]

Don't you hate it when people do stupid mistakes on SAP

[qspring]

Aside from leaving her, you can let her learn from her financial mistake.

The best thing that you mentioned is that you are waiting for her to get her act together. That's critical. Unless this is directly affecting you financially, I would let her figure out how to get out of this mess. Guide her, but don't bail her out.

If it is affecting you financially, pay off the car ASAP or refinance with title under your name, and she makes the payments. On paper, haver her sell the car to you, so if anything should happen, you own the car.

Hope you find a solution.

[F30lolz]

I assume she lives with you OP? If so leave the car next to my job on Biscayne BLVD. Very shady at night with the keys on the windshield.

EDIT: GAP insurance I hope?

[qba335i]

Selling the car at this point makes no sense unless you are having problems with it.

You should:
1) refinance it. Cosign and use your cash if you trust her.
2) tell her to get a second/weekend job to pay it off faster.

If she is not willing to do 1 and 2 you should really consider ending this relationship.

[Boxtyp3]

If you will just keep on catching her on every mistake she made, then she will just keep doing the same thing over and over again. Someone's gonna catch her anyway right?

Now about your upside down, get rid of the car ASAP and take public transpo. But if she really need a car, lease something cheap. At least the lower monthly and money factor can probably give you or her some time to catch up with the finances. Just my $0.01.

[Pheonix]

Sell the car privately to recoup as much money as you can. Then get cheap beater for her to use temporary (or tell her to take public transportation).
She definitely has some serious issues with handling her finance! From personal experience, i would think real hard before making the big commitment with her (if i was u).

[CANGRKE70]

Originally Posted by qba335i

Selling the car at this point makes no sense unless you are having problems with it.

You should:
1) refinance it. Cosign and use your cash if you trust her.
2) tell her to get a second/weekend job to pay it off faster.

If she is not willing to do 1 and 2 you should really consider ending this relationship.

[1MOREMOD]

A.Throw it in the lake and row it around.
B. Turn it back over.

[zx10guy]

Originally Posted by qba335i

Selling the car at this point makes no sense unless you are having problems with it.

You should:
1) refinance it. Cosign and use your cash if you trust her.
2) tell her to get a second/weekend job to pay it off faster.

If she is not willing to do 1 and 2 you should really consider ending this relationship.

+1

But I would seriously consider not helping her out financially. Because she really needs to learn money management. As suggested, she should be picking up a part time job to pay off this thing.

Have you had a serious talk with her about the money situation? If you're waiting for her financial situation to get better before marrying her, make it clear to her that you're not marrying her until she learns how to manage money better. I'd also put a deadline on when she needs to get her act together. I don't know both of your financial situations in terms of income, outstanding debt, etc. So you'll have to formulate the deadline and goals she needs to reach. If she isn't willing to do this, as suggested by others, I'd seriously consider moving on.

As for the suggestion to sell the car, that'll put you all in the same situation and probably worse. If there's nothing wrong with the car, why get rid of it? If you sell it, you've gotten rid of a good car which takes you from point A to B with good fuel economy, realized the financial hit she took when she bought the car, and then what? Buy another car...another depreciating asset?

[DJKapeesh]

Originally Posted by qba335i

Selling the car at this point makes no sense unless you are having problems with it.

You should:
1) refinance it. Cosign and use your cash if you trust her.
2) tell her to get a second/weekend job to pay it off faster.

If she is not willing to do 1 and 2 you should really consider ending this relationship.

She has already offered to strip and pay it off....
I told her no thanks.....

Originally Posted by zx10guy

+1

But I would seriously consider not helping her out financially. Because she really needs to learn money management. As suggested, she should be picking up a part time job to pay off this thing.

Have you had a serious talk with her about the money situation? If you're waiting for her financial situation to get better before marrying her, make it clear to her that you're not marrying her until she learns how to manage money better. I'd also put a deadline on when she needs to get her act together. I don't know both of your financial situations in terms of income, outstanding debt, etc. So you'll have to formulate the deadline and goals she needs to reach. If she isn't willing to do this, as suggested by others, I'd seriously consider moving on.

As for the suggestion to sell the car, that'll put you all in the same situation and probably worse. If there's nothing wrong with the car, why get rid of it? If you sell it, you've gotten rid of a good car which takes you from point A to B with good fuel economy, realized the financial hit she took when she bought the car, and then what? Buy another car...another depreciating asset?

Yes I think she needs to learn from this or there will be serious problems with the relationship. As mentioned above we do live together but we keep out finances separate and split the bills (almost 50/50 but I make x2 so I cut her some slack...)

Update
Her father has offered to loan 6k to allow us to sell the car for 10k or 11k and get rid of it,

Problem with this is she has not saved enough money (I tell her to put $ away weekly) to buy a cash car or anything to drive which means any car that gets bough will be "my" car and from "my money".

SMDH don't know what to do

[Sara]

Any people wonder why I am the way that I am.......

[csu87]

Originally Posted by DJKapeesh

She has already offered to strip and pay it off....
I told her no thanks.....



Yes I think she needs to learn from this or there will be serious problems with the relationship. As mentioned above we do live together but we keep out finances separate and split the bills (almost 50/50 but I make x2 so I cut her some slack...)

Update
Her father has offered to loan 6k to allow us to sell the car for 10k or 11k and get rid of it,

Problem with this is she has not saved enough money (I tell her to put $ away weekly) to buy a cash car or anything to drive which means any car that gets bough will be "my" car and from "my money".

SMDH don't know what to do

LOL.

[flynscot]

The car is not the issue, the GF is. Keep the car and let her learn her lesson, as long as she is learning it. If she is not, time for a replacement (GF not car).
The real issue to FOCUS (no pun intended) on is fixing her credit so she is not in the same situation next year and the next year, and so on.
Credit can be fixed relatively easily and relatively quickly, it just takes some tenacity, communication, and good record keeping/logging of every person you speak with regarding her credit.
First thing, pull her reports and get started fixing them.
Free report authorized by federal law; https://www.annualcreditreport.com/index.action

[P1]

I had a friend from back in the days that was in this boat with an Xterra. I swear he owned that thing for $70K in the end. Insane.

[DJKapeesh]

Originally Posted by Sara504

Any people wonder why I am the way that I am.......

Yes... Why?

Originally Posted by flynscot

The car is not the issue, the GF is. Keep the car and let her learn her lesson, as long as she is learning it. If she is not, time for a replacement (GF not car).
The real issue to FOCUS (no pun intended) on is fixing her credit so she is not in the same situation next year and the next year, and so on.
Credit can be fixed relatively easily and relatively quickly, it just takes some tenacity, communication, and good record keeping/logging of every person you speak with regarding her credit.
First thing, pull her reports and get started fixing them.
Free report authorized by federal law; https://www.annualcreditreport.com/index.action

No more credit,

Going for this debt less cash only thing. We will see if she follows or not

[Sara]

Originally Posted by DJKapeesh

Yes... Why?

Because of situations like this. 1,000+ credit score or higher.

[V1.47fan]

Originally Posted by Sara504

Because of situations like this. 1,000+ credit score or higher.

1,000+, i thought it only goes to 850. Btw i'm at 778/ Excellent. How do you like them apples?

[Sara]

Originally Posted by V1.47fan

1,000+, i thought it only goes to 850. Btw i'm at 778/ Excellent. How do you like them apples?

I know it only goes into the 8's

[flynscot]

Originally Posted by DJKapeesh

Yes... Why?



No more credit,

Going for this debt less cash only thing. We will see if she follows or not

Don't forget that people do credit checks for things like renting a house, getting electricity turned on in a new state, security clearances. Its not just for buying a car....so i still say fix the credit issues.
It would really suck to not get that great new job because of credit reporting that can be fixed with some time and effort.
Saved several guys careers by helping them fix their credit during my time in the military, pain in the a$$ but it can be done.