I have a high car loan payment and i’m lokkng at ways to get rid of the payment. So if I can get rid of the car that would be nice. What are some option I have?
If You Have A Car Loan But Want To Get Rid Of The Car What Can You Do?
February 28th, 2010 by Home Loans Leave a reply »
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You have to sell the car for more money than you still owe on the loan. Or……………..win the lottery.
sell your car and pay off your loan, maybe u can get more then what you paid for, or just buy another cheaper car
You can get financed for a better car loan and then trade this one in
You have three options….
1.) Sell the car
2.) Refinance
3.) Have the repoman come get and kill your credit
this is great place to get quotes for a car loan, it only takes a minute and it’s free.
sell the car and pay off the loan.
trade in the car for a cheaper one.
About the only option you have is to sell the car or pay it off. If you just stop paying, the bank will take the car, sell it and you’ll pay the difference of the selling price and what you owe on it.
best way is to sell it yourself and then pay it off, if you trade it in they will take you to the cleaners.
Go trade it or sell it and pay your car loan.