Tips on Buying Cars: what can i do?, parents name, current situation


Question
hi my name is Erick and i would like to get some ideas on my current situation. I got a truck under my parents name and pay 600 dls a month at the time i was so excited i forgot to ask if the current car was upside down. Well to make the long story short i am now 10000 dls upside down and still owe 17000 grand on it. But i would like to trade it in for a car or truck and switch it to my name. So my question is, is that a good idea or should i just stick with the truck? Or is there any other options please respond as soon as you can thank you. Oh by the way the truck has 140000 miles and its an 06 F-150

Answer
Hi Erick,

You have no choice but to stick with the truck if you are 10K negative, no lender will finance a 10K negative added to another loan, had it been 2-3K, then maybe.

I have no idea how you arrive at 10K negative, if there is a way to trade and you switch title I would know, but not knowing all the details at this point I can't give you further answers,,, if you care to elaborate hoping for a solution, provide more details, and make sure you check the " make private box "

Ray
http://www.usedcartips.org/index.html