Just financed a car in the US...

Hey everyone, this is my second post in UKY and I have to say I have very quickly fallen in love. (:

When my fiancé (English) received a job it rearranged things for us drastically. Up until that point we had decided he was coming here (Texas). The timing is all a bit unfortunate as I literally just financed a used in the US after being t-boned.

We are currently thinking that our best option would be to sell the car at a dealership or trade it in for something of way less value, not that this car is super fancy I have financed it for about $17,000 without interest, so that once I get there we aren't making payments on something we can't use.

There is no rush for us to start the UK visa process as we are still saving up a bit before we get married and I make the move.

Any advice/experience is very much welcome.

Unfortunately you'll probably take a hit financially on the car when you sell.  As you aren't in a rush, I'd try hard to sell it privately if possible.  You might get a bit more than if you turned it back into the dealership. 

We wouldn't mind taking a small hit for the greater good of being together.
I'm wondering if it wouldn't make sense to sell it and then buy  cheaper/shoddier to get around in until the time comes.
Our current timeline has us starting the visa process in about 8 months. In the meantime this car is so new to me that I haven't received the plates or the title yet.
The biggest issue (at the moment) would be if I do sell the car privately unless I get quite a bit over the asking price then I wouldn't be able to get another car without financing again. Versus trading it in and paying down on something.
I could always list it a few months before I go, hope to sell it, and if not just sell it to a dealer?

Thank you so much for your advice.

In the meantime this car is so new to me that I haven't received the plates or the title yet.


If it's that new I would approach the dealer and explain you've just learned you will be moving overseas soon - they don't need to know the timeline - and see if you can get out of the deal or as you say, move into something for far less money.

Be careful about trading down cause you may wind up owing near the same amount on a vehicle worth less and when time comes to sell you'll take a bigger hit.

I'd argue the dealer can let you out and still sell that vehicle on to someone else for likely what you paid for it.

If you need to buy a car then approach the darkest and explain the move and why you need out of this car but are willing to buy a lesser vehicle. It's a win win for them - they sell you a car and get this one back to sell again.

And don't just talk to your salesman, stand your ground and go all the way to the dealer owner or general manager if you must. Good luck.