What are my Options with a Car I Owe Money on?
Please advise me on the best way to handle the following situation:
I bought a car in Florida not knowing a couple of months later I would be living in Germany for an undefinate amount of time (married a German and employed in Germany). Because I wasn’t sure of how long I would be here (employment reasons) I decided it would not be wise to get rid of the new car right away. It has been a year of me making payments and insurance payments on something that is sitting in my sisters garage. I am ready to eliminate the problem and realize I will be losing a good chunk of money. I realize I can’t sell the car privately because I don’t own it. I just sent the Power of Attorney to my sister to be able to sell my car. What are my options to end this whole ordeal with my car? No one seems to know and I can’t find any answers. I thought possibly of selling it back to the place I purchase it for. They will offer about half of what I owe so I am a bit reluctant. Please help.