What should I do with my car? Refinance? Take over payments?

Question:
I have a 2005 Chrysler 300 Touring with 40k miles. My right fender is demolished and it needs to be replaced and the front bumper also needs to be replaced. I took it to car max and they appriased it for $10,000, because of all the damage they said... Friends have told me to put it in the paper to see if any one is willing to take over payments. Should I repair it first? My payments are $525 a month, I still owe about $21,000, I am a broke college student! It's too expensive! Please help what should I do?

Answers:

Jeep wrangler or Mini Cooper?

Have you gotten any estimates on repair? You could go with a "less expensive" repair - check with Maaco.

I need a Bra for 2007 Saturn Vue?

I'd repair it before selling - the difference will be worth the trouble. You will have difficulty refinancing a damaged automobile appraised for less than the loan value.

Can anyone please give me a car fax report for this vin number-3VWCA21C8YM464271 ? I would be really greatful.

Where are you? :)
Is the damage not insured? You should have full collision if you have a loan ...

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This kinda a question about a legal technicality?

I saw your post, after I sent you the email. I didn't realize you already got an estimate, what is Car max? Based on this part of the question, I think you are going to have to get some friends together, and start auto body 101. It's highly doubtful anyone will take over the payments, based on the damage. Did the lender not contact you about insurance? Financing this, you should have carried comp/collision, I'm guessing you couldn't afford the premium. Yeah, you are definately upside down on the loan, hate to say it, but buckle up, it's going to be a bumpy ride, you've got to get rid of the car. Seriously, take a short autobody class,learning the basics. You don't want a repo, you'll be paying forever, and get nothing in return. Again, good luck....can't you just smell the aroma of fresh paint! LOL

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