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Always get approval from spouse before buying a car.....always
@Anonymous wrote:
@Anonymous wrote:
@1GaDawg85 wrote:You can trade it in...
Thanks! I'm formulating an email to the salesman now.
I wish you the best but know going into this you are in a financially bad position. Even if you can trade it in you are going to lose a ton of money on it. If you didn't put a lot of money down on the initial purchase all that depreciation will be added to the cost of the used vehicle so I'm not sure you're going to end up in a better position. The absolute worst time to try to trade a new car in is a month after you purchased it. Is your spouse's problem with the purchase about it being a Kia or the price?
The price. Hmmm, after reading your comment I wonder if I should even try.
@1GaDawg85 wrote:Always get approval from spouse before buying a car.....always
I'll remember that with my next spouse *sigh*
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@1GaDawg85 wrote:You can trade it in...
Thanks! I'm formulating an email to the salesman now.
I wish you the best but know going into this you are in a financially bad position. Even if you can trade it in you are going to lose a ton of money on it. If you didn't put a lot of money down on the initial purchase all that depreciation will be added to the cost of the used vehicle so I'm not sure you're going to end up in a better position. The absolute worst time to try to trade a new car in is a month after you purchased it. Is your spouse's problem with the purchase about it being a Kia or the price?
The price. Hmmm, after reading your comment I wonder if I should even try.
The last thing I want to do is be negative but in order to get something less expensive would be to purchase a low priced used car but then you would have to add on the negative equity which would drive the cost back up and present difficulties in getting a new loan because of LTV concerns. I wish I could give you encouragement but realistically your only options at this pont are to either do a voluntary repossession or live with the consequences regarding your spouse. Certainly don't wants turn this into a marriage advice post but it sounds like you have issues there that need working on if a car purchase would cause this kind of problem. A voluntary repo at this point with your scores will be disastrous for your credit. If at all possible keep the car and save up the amount you will need to get out of it. The other option you mentioned about them canceling the deal altogether isn't realistic. I wish you the best. Having been twice divorced I empathize with your situation.
You will be worst than what you started with if you trade it in. They will not give you what's owed on the car.
Sound advice y'all. I just hope my scores will be better in 6 months so I can refinance, in the meantime if things get too bad I can always sleep in the damn thing, jk
I was going to respond, with suggestions, but I got nothing.
If it is more important to your spouse to be right than to do the right thing then I got nothing for you. Tell him/her to suck it up you aren't ruining your credit to make that person happy.
@Anonymous wrote:Sound advice y'all. I just hope my scores will be better in 6 months so I can refinance, in the meantime if things get too bad I can always sleep in the damn thing, jk
Something tells me if getting rid of the car will "solve" this, then getting rid of the car truly won't solve the problem's you and your spouse are going through. Don't ruin your credit. Be sorry for the mistake and move on as a couple. Personally, I'd rather put my money into a new vehicle than into repairing an older vehicle. I think you made the right move purchase wise. Live and learn, next time make the purchase as a couple.
@Anonymous wrote:
I appreciate the responses. Hopefully he'll come around. Lesson learned!
Maybe the Kia will grow on him.