cant afford truck payment what can be done?

T

tiny

Member
Joined
Jun 20, 2008
Messages
40
Reaction score
0
Points
6
my husband bought a truck, f150 and months later traded it in for a f250 (this was all before we got married so he had nobody to support) 2 years later (now) were married with a baby. He pays $1100 a month for it but as well as thousands of other people... we cant afford it. What can we do?
but were basicly paying for both trucks even though we only have one, and it is NOWHERE near as much as the loan we got for it, its close to 100,000. its worth about 25-30 thousand...
 
The 100,000 is probably what you will pay if you keep the truck and make all the payments on it. The "pay-off" balance is closer to the amount the truck may be worth. Try trading down to something older and less expensive, or sell the truck for the pay-off and buy something.
 
Sell it-also call and see if you can get a different payment plan- spread it out longer...... I hear they are doing 10 year car loans now.
 
Sell it-also call and see if you can get a different payment plan- spread it out longer...... I hear they are doing 10 year car loans now.
 
Back
Top