<prompt> Human: I am 24 years old and Last year I purchased a 2011 mustang gt. This car is valued at 22,800 and right now i owe 24,700 from a credit union. Im in need of the extra money and I was wondering what my options are. Should I get a loan for the difference and sell the car for what its worth? And if so do I post the car first online for that price and get the checkcash or do I get the difference of the loan first from a lender then try to sell it ? My credit is around 700. Any advice is much appreciated. Assistant: There are no guarantees you can get 22,800 for the car. Book values are mediocre at best and most private party buyers in that price range are looking for a bargain. Unless it has very low miles that seems like a very optimistic price. First off, confirm what you really can get for the car. If youre actually 2,000 under water a personal loan might be an ok option. If youre 5k under water, the bank may not even accommodate a loan with your credit. If you can get the personal loan, most credit unions are pretty easy to deal with on a loan payoff. The buyer should be able to meet you at the bank to pay off the loan and walk out with the title. Check with your credit union on that as well. Human: Yes I guess you are right. This car has over 7k worth of extra parts done to it previous owner plus I still have the old parts I would include with it. So I figured I wouldnt have a very hard time selling it for book value or a little more. But thank you for the advice I will speak with the credit union and see what options I have.  <response>: This car has over 7k worth of extra parts done to it Very rarely do aftermarket parts add any value during resale. Often they detract from the value. Used cars are worth the most as well maintained, low milage, stock vehicles. 