How do i get out of a car loan?

Question

i got me a car on 09/07 now i cant make the monthly payment , cause i have some problemes , how can i get out this car loan and still keep a good credit??

Answer 1

You don't, however, if you could get someone to take over your payments, that may work, only if the lender is in agreement. You could also sell on the condition of payment going to lender for payoff, a buyer would have to be totally naive to do that, and not entirely legal, so can you get out of the loan, No, get another job to help yourself get more income, apply all the second job income to the loan, it'll get it done pretty fast.

Answer 2

1

Answer 3

sell out the car and deposit the proceeds to the loan account. If still something is left pay it by instalments by making the facts clear to the bank manager. He is human being and will find out the solution for your specific case.

Answer 4

You can sell it and hope that you can get enough to cover what you owe...but I doubt it b/c cars depreciate as soon as they go off of the lot. Or you could try to refinance it and get lower monthly payments.

Answer 5

I believe that the best bet is to trade it any and to get a smaller value vehicle most likely your car has depreciate but at least you don't have to come out with that difference out of your pocket once you get financed on the replacement,

Good Luck!

Answer 6

Sell it to a dealer and pay the difference.

Answer 7

give it to your ex-wife but keep paying the payments

Answer 8

sell car w/ financing take over paymets