Tips on Buying Cars: Cant make payment, nissan altima, cogeco


Question
I have a 2000 Nissan Altima, I have about $9000 left on the car. I recently lost my job and I can't make the payments any more. what should I do with the car?  Should I call the bank and tell them to pick it up.

Please help.

Answer
Hi Jimmy
The last thing you want is to de-fault payments and having vehicle repo as your future credit rating would be destroyed...
This action will show up on your credit bureau should you wish to apply for credit again...and you will be paying an interest rate way above normal...
there are other ways...i need some more info...
Your postal or zip code...
vehicle leased or financed...
what model Altima...auto or manual...miles...
PS...everybody has access through allexperts reading Q's and answers...should you wish to keep your reply and answer more private then e-mail me at pray25@cogeco.ca
Regards
 Ray