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drawlins27 · 07-31-2007, 08:22 AM

I'm a huge Dave Ramsey fan and this questions comes up all the time. His advice is to sell the car and get a bank loan for the difference that you owe. He says that its much easier to pay back $2K than $25K even if you no longer own the car. He calls it "stupid tax" and we have all paid it. LOL

I have also seen where people in this situation sell the car, asking the buyer to take over the payments. This isn't a smart move on the buyer's part but I have seen it done.

07-31-2007, 08:22 AM	#8
drawlins27 Mommy's Lil' Miracle Donating Member Join Date: Mar 2007 Location: Mufreesboro, TN Posts: 1,028	I'm a huge Dave Ramsey fan and this questions comes up all the time. His advice is to sell the car and get a bank loan for the difference that you owe. He says that its much easier to pay back $2K than $25K even if you no longer own the car. He calls it "stupid tax" and we have all paid it. LOL I have also seen where people in this situation sell the car, asking the buyer to take over the payments. This isn't a smart move on the buyer's part but I have seen it done. __________________ I LOVE my little Furbutts! Last edited by drawlins27; 07-31-2007 at 08:26 AM.