Help with my sons car finance?

1 ⤊

Help with my sons car finance?

My son has a car on finance but he is not paying the finance due to being out of work and its in my husband name so we are paying it but struggling. He doesn,t have enough equity in the car to sale it we are still going to have to pay the outstanding money for the balance for the loan. Any body got an ideas to help us.

2007-02-28 03:36:57 · 2 answers · asked by staffbess 1 in Business & Finance ➔ Personal Finance

2 answers

Talk to the finance company. They have as much interest as you in resolving the difficulty amicably

2007-02-28 05:24:25 · answer #1 · answered by Duffer 6 · 1⤊ 0⤋

What is the value of the car, and how much do you owe on it, how much longer till you pay off the loan?
There are options but it all depends on how much negative equity you have on the car.

2007-02-28 03:55:56 · answer #2 · answered by Anonymous · 0⤊ 0⤋