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Old 02-12-2009, 07:35 PM
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Question about a trailer!

What is the name of your state (only U.S. law)? Michigan
I have a question about a fifth wheel trailer I purchased in December of 2005. I paid $75,000 which I believed was a good deal for this trailer. Today I owe $65,000. I have tried to sell it outright but the value of the trailer is not even close to what I owe. The same dealer that sold it to me states it worth about $28,000. Keep in mind this trailer is in new condition. The problem is that I have never been late on a payment, I just can't afford paying. My credit is in good standings, I don't want to tarnish my credit if possible. I am lost on what to do!What is the name of your state (only U.S. law)?
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Old 02-13-2009, 02:32 AM
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Quote:
Originally Posted by jlgkrg View Post
What is the name of your state (only U.S. law)? Michigan
I have a question about a fifth wheel trailer I purchased in December of 2005. I paid $75,000 which I believed was a good deal for this trailer. Today I owe $65,000. I have tried to sell it outright but the value of the trailer is not even close to what I owe. The same dealer that sold it to me states it worth about $28,000. Keep in mind this trailer is in new condition. The problem is that I have never been late on a payment, I just can't afford paying. My credit is in good standings, I don't want to tarnish my credit if possible. I am lost on what to do!What is the name of your state (only U.S. law)?
You need to pay as you agreed. The trailer is NOT new. It is over 3 years old.
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Old 02-13-2009, 06:45 AM
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