joshjen111
New Member
I am in a car loan owing 19000 and its worth 6000. I keep rolling over the difference into the next car pmt. I am now way over my head and can't afford to make xtra pmts. I was told to voluntarily repo it and get a new car that will hold its value and get out of this hole. I got a new car yesterday and now I am second guessing myself. I was told that they will harass me but they will not be able to garnish my paychecks in the future or put a lein on my house. Is this true? I don't mind it ruining my credit because I have been in this negative equity since the first car I purchased. Now it have gotten out of control and I owe 3 times more than its worth.