may be emigrating to china, should I sell, or give car back, also running on spare.

[waylandchin]

hey guys, I got a dilemma on my hands. I'm moving to china in a week or two. I'm a month behind on my car payment, it was financed, not leased. have only paid 3-4 months out of 65-72 payments or so. What's the best way to get rid of the car before I leave? should I drive it up to carmax? back to the dealer? declare to toyota financial services that I can't afford it and have them repossess the car? either way my credit is fucked, so I don't care about that. I'm moving to another country anyway and can't afford the car. on top of that, I ran over a curb last night and caught a flat tire. the rim is busted and I'm running on a spare, it would cost me about 175 for parts and labor to replace the rim, should I replace the rim before I sell/give back the car?

[carbap82]

Sounds like you got yourself in a bit of a pickle! I would preach to you about spending youy money wisely and living withen a budget, but I can see that it would probably do you no good. So, you could have Toyota repo it and pay back the full amount in probably less time than your finance term. My guess is since the payments would be more than your current, you will miss even more, get sent to collections and then probably be forced to file bankrupsy, which you will also have to pay back. Or you could put a low ball price on it so it can sell in less than 2 months and then sell some stuff to try and pay off the remaing 6 or so grand that you got boned on. Regardless, fix the rim and tire. People guying a new car expect 4 new tires and rims. Take it or leave it.

[kimona]

Wow, that's a tough position to be in.

Maybe you could find someone to take over your payments. You could probably arrange it with the finance company and then no longer be responsible for the car.

Other than that, I would just sell it and payoff the balance and remain a good citizen rather than a credit bandit.

Find out what the payoff is, then see how much you can sell the car for.

[sherryberry]

whoa I agree with kimona's suggestion.

by the way, where in China are you moving to? and why are ya moving to China. I moved to the U.S. from China so that's why I'm wondering.

[punch]

Originally Posted by waylandchin

hey guys, I got a dilemma on my hands. I'm moving to china in a week or two. I'm a month behind on my car payment, it was financed, not leased. have only paid 3-4 months out of 65-72 payments or so. What's the best way to get rid of the car before I leave? should I drive it up to carmax? back to the dealer? declare to toyota financial services that I can't afford it and have them repossess the car? either way my credit is fucked, so I don't care about that. I'm moving to another country anyway and can't afford the car. on top of that, I ran over a curb last night and caught a flat tire. the rim is busted and I'm running on a spare, it would cost me about 175 for parts and labor to replace the rim, should I replace the rim before I sell/give back the car?

drive it to a secluded area, burn the fucker, and report it stolen...kidding, tell take it to the dealer sell it back, you'll still owe, but atleast it will be a small amount...

[Pars]

Here in Toronto, the ministry has a used car package that's required when purchasing a used car.Listed on it, are the companies (lease/financing) that have a lean on the car and no one in their right mind would buy a car with a lean on it. It's possible to find someone to sublease the car and perhaps pay them a few thousand to assume the lease (If you had a good lease, it'd be the other way around).

My dad leased a new Civic for his granddaughter, who promised to make the lease payment but couldn't do it. After a few years of covering for the grandchild and a couple accidents later (insurance was also under my dad's name), my dad had enough and wanted out of the lease. However, the dealership (Honda) wanted about $6000 to brake out of the lease. Around the same time, my Dad had a stroke and lost his driver license. Apparently, there was a clause in the lease for this kind of contingency and after dealing with Honda Canada's leasing, we were able to simply take the car back to the dealership and the lease was terminated in good faith. The sales guy at the dealership was furious, he removed the license plate, threw it on the ground and walked away. In the mail, we got an appraised value of the car, minus the amount owing on the lease which was huge. The leasing company told us that the mail was only for our records and we were never billed for the difference.

[churp]

I was in over my head back in the 80's and my GM financed car had 3 options...pay up current, have someone come and reposess it, or turn it into any dealer with the keys. I opted for turning into a dealer, then my job took me to another state and I heard nothing for over a year. Then the dreaded call came.....apparently they had sold the vehicle and were trying to find me, because they figured they owed me $1,500. Couldn't believe it! Talk to the dealer....situations happen and we learn from them.

[360cubes]

Providing Toyota 'owns' it already, it'd be wise to give it back to them. Hopefully you didn't get too bad of an interest rate for a 72mo term! That's a looong time to make payments for!

[waylandchin]

I got the rim fixed.

Things have changed for the better and I have a job offer in Southern California, so i will be only going to China for two weeks, and then coming back to work.

I will borrow money from a friend to make a car payment, then get an extension from toyota.

The reason why i wanted to emigrate to China was because i could not find a good job here. Besides, I think men live a better life in China,(same with rest of the developing world), women are easy to come by and you live like a king. I had some friends in fuzhou, so i was going to start there. The trick is to find some way to earn a U.S. level income but physically live in China. The cost of living is so low, you can afford a maid.

I still eventually want to go emigrate to China, but this job is too good to pass up, will stay stateside for at least two more years.

[YamilR]

I went to Walmart this morning and it sure felt like China

[sherryberry]

Originally Posted by YamilR

I went to Walmart this morning and it sure felt like China

what does that mean??

btw... to the op, your ideas of china are a bit skewed. The government there has a very tight control on how life is lived and uh... there's no requirement for insurance and if you get hit by a car, you're screwed. The other person has to pay but if they don't have money for your hospital stay, then it's up to you to pay it. I have family in China and none of them have a maid. Heck, I moved to here from China and my parents moved here 'cuz there's more opportunities here than in China in terms of career choices. And we won't even get into how tough schooling can be if you ever have kids. heck, i have cousins who haven't gone to college because it's really tough to get in.

[waylandchin]

I think he was talking about how all of walmarts products are made in china. I think he was trying to crack a joke, but it didn't come out funny.

Anyway, we are both right. you are speaking from the point of view of a girl who wants to raise a family, I am speaking from the point of view of a single bachelor guy. school is not important to me because I'm done with it. Besides, I will be an expat, so I will get treated better than the general population.

[elmo]

you just sound like someone who wants something for nothing

my opinion i could be wrong

[Bob_VT]

Originally Posted by elmo

you just sound like someone who wants something for nothing

my opinion i could be wrong

I'm sure that your opinion on a post dug up out of the basement will have zero effect...... unless you got a time machine!

Look at the date in 2007!

[jambo101]

Originally Posted by waylandchin

The reason why i wanted to emigrate to China was because i could not find a good job here. Besides, I think men live a better life in China,(same with rest of the developing world), women are easy to come by and you live like a king. I had some friends in fuzhou, so i was going to start there. The trick is to find some way to earn a U.S. level income but physically live in China. The cost of living is so low, you can afford a maid.

I still eventually want to go immigrate to China, but this job is too good to pass up, will stay stateside for at least two more years.

Do you really think that emigrating to China is as easy as thinking of it one week and being there the next?
As for men having a better life in China?i think its the same as here,some do some dont.
And what makes you think the women are any easier there than here? Earning a USA level income and remaining in China is a dream i'm sure most people who live in China would like also but i think that might be more likely to happen to some one who can at least have the financial where-with-all to keep on top of a car loan on a Yaris.

[elmo]

Originally Posted by Bob_VT

I'm sure that your opinion on a post dug up out of the basement will have zero effect...... unless you got a time machine!

Look at the date in 2007!

you know im stupid like that sometime. guess i am just gettin grumpy in my old age

[Bob_VT]

Originally Posted by elmo

you know im stupid like that sometime. guess i am just gettin grumpy in my old age

LOL Old age!!! Since I fit that age catagory too ......... I understand! I'm not grumpy because grumpy is a dwarf!

[ddongbap]

I thought emigrating started with an I.