Trading but I'm still paying the car off, what are ways I could sell or trade the car without my credit begin hurt?

Asked by Apr 24, 2017 at 08:06 PM about the 2011 Chevrolet Camaro LT1

Question type: Car Selling & Trading In

Just want another car but I'm still paying it off, what are
some ways that I could do?

3 Answers

74,585

Sell the car privately and try to get enough money to pay off the loan. The best plan might be to keep it long enough to have positive equity in it but that will take some financial discipline which is the only true way to build credit.

1 of 1 people found this helpful.
98,565

Selling the car would be the best way to get out from under it, but as you still owe you need to find someone that will pay you some money and take over the payments or refinance it themselves. You could trade it in but that usually winds up putting you upside down in a car loan that makes it almost impossible do anything with it until it is paid off and that's not good.

1 of 1 people found this helpful.
74,585

If you are dying to get rid of it you may want to make extra payments to pay it off faster but check and see if you have any pre-payment penalties in the loan.

Your Answer

Camaro

Looking for a Used Camaro in your area?

CarGurus has 787 nationwide Camaro listings starting at $12,995.

Postal Code:

Chevrolet Camaro Experts

  • #1
    dandyoun
    Reputation
    1,740
  • #2
    carGrrl
    Reputation
    1,170
  • #3
    Tom Demyan
    Reputation
    1,090
View All

Related Models For Sale

Used Ford Mustang
6 Great Deals out of 1,187 listings starting at $3,500
Used Dodge Challenger
8 Great Deals out of 876 listings starting at $12,888
Used Dodge Charger
103 Great Deals out of 808 listings starting at $1,999
Used Chevrolet Corvette
709 listings starting at $4,450
Used Chevrolet Silverado 1500
183 Great Deals out of 10,667 listings starting at $2,500
Used Chevrolet Impala
76 Great Deals out of 928 listings starting at $1,900
Used BMW 3 Series
159 Great Deals out of 1,884 listings starting at $2,300
Used Ford F-150
449 Great Deals out of 9,123 listings starting at $3,000
Used Jeep Wrangler
97 Great Deals out of 1,581 listings starting at $1,988
Used Chrysler 300
91 Great Deals out of 1,008 listings starting at $1,795
Used Nissan 370Z
11 Great Deals out of 168 listings starting at $17,995
Used Jeep Grand Cherokee
78 Great Deals out of 2,707 listings starting at $1,871
Used Chevrolet Tahoe
5 Great Deals out of 642 listings starting at $6,871
Used Mercedes-Benz C-Class
159 Great Deals out of 1,504 listings starting at $2,900

Used Cars For Sale

2018 Chevrolet Camaro LT1 For Sale
36 listings starting at $32,995
2017 Chevrolet Camaro LT1 For Sale
74 listings starting at $26,945
2016 Chevrolet Camaro LT1 For Sale
6 listings starting at $26,988
2015 Chevrolet Camaro LT1 For Sale
9 listings starting at $21,795
2014 Chevrolet Camaro LT1 For Sale
15 listings starting at $21,995

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.