Car Loan Problem, Need advise pls..
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 Jan 12 2017, 12:26 AM
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#1
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Senior Member
1,404 posts Joined: Jun 2009  
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quite sure you'll have to top up some difference if you were to sell to dealer because after deducting the 1st year depreciation, loan outstanding would be more than the trade in value. but before you can do that, you need to settle the overdue payment
This post has been edited by cedyy: Jan 12 2017, 12:26 AM |
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Jan 13 2017, 07:27 PM
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#2
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Senior Member
1,404 posts Joined: Jun 2009
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QUOTE(luvjiajia @ Jan 12 2017, 11:57 AM) i was thinking that if i take back the car, i will pay him back the rm15k deposit that he paid initially. But do i have to pay back the past 1 year installment that he paid off? Or those are consider as the "rental" during his possession of driving the car for past 12 months? you should not pay him the full amount of RM15k he's paid as it is also subject to the car depreciation and loan interest cost!It is my huge mistake when i decided to help him but he seems to taking advantage of my credit rating and causing a serious mess up with my CCRIS... i will take to him and have a clear cut to any financial related stuff from me.   |
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