Ford Expedition XLT
Auto Loans and Financing
Repossession

What can you do if you can't afford your car payment anymore and you owe them 28K and the market price for the car today is around 14K?

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Wiki User
01/16/2007

You can kiss your sweet car goodbye because they will reposess it. It doesn't matter what the car is worth now-a-days.... you OWE more than it's worth... you'll ALWAYS owe more than a car is worth because they start depreciating the moment you drive them off the car lot. The bank will just sell your car and try to reclaim some of their lost funds.