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I bought a new car and can't afford it and would like to trade it in but I have bad credit?In: Car Buying |
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Answer
Call the finance company and ask if they can extend the term of your agreement. This will mean you pay more money over time, but the monthly payments will come down.
You already have a finance deal on the car you can't afford, so just down grade to something you can afford and ask the finance company to adjust your payments according to the change in value of the cars.
Either way it's going to cost you money and you'll end up paying out a lot more money over a longer period of time.
First answer by Mattcsc. Last edit by Mattcsc. Contributor trust: 101 [recommend contributor]. Question popularity: 14 [recommend question]
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