2007-03-19 18:32:54 · 8 answers · asked by krisd 1 in Business & Finance ➔ Insurance
Best way to lower it is to pay it off.
You bought too much car for your income. I'd STRONGLY suggest you sell the car, and buy a $500 junker for cash.
You probably need to get a second job to pay it off faster.
Don't you HATE being a slave to your debt? That's all borrowing is - it makes a slave out of you.
2007-03-20 01:48:02 · answer #1 · answered by Anonymous 7 · 0⤊ 1⤋
The only way to lower your car payment would be to refinance and either extend out the time of the loan or see if you can qualify for a lower interest rate.
The premiums you pay on insurance can be reduced by accepting higher deductibles. It would be best to call your insurance agent for some quotes.
2007-03-20 01:38:32 · answer #2 · answered by Jessica S 3 · 1⤊ 0⤋
You may be able to refinance your car loan, but if you're having trouble making payments, there may not be much that can be done for you. Insurance rates are fixed, and by law, they are non-negotiable, you can try to find a company that will offer you a better price, but each company has a fixed rate for you based on your driving experience, driving record, age, gender, zip code, car type and many more factors. If the car is too much, you may consider selling it, and buying a car that is within your budget, cheaper cars are cheaper to insure as well. Re-Financing puts you back farther into debt, if you are unable to make those new payments, your car will probably be reposessed.
2007-03-20 06:20:05 · answer #3 · answered by Have_ass 3 · 0⤊ 1⤋
For your insurance, check out state approved defensive driver courses. In NY, a state approved course can save you about 10% per year for 3 years. The course only costs around $40 a pop.
2007-03-22 22:50:51 · answer #4 · answered by Kathy B 1 · 0⤊ 0⤋
If it is too much to handle, see the bank where you have it financed, or the dealer who arranged financing,
Be honest with them, and they'll probablyoffer a solution.
Stay clear of the "debt consolidation" loans.The interest rates will eat you alive.
2007-03-20 02:11:26 · answer #5 · answered by TedEx 7 · 0⤊ 0⤋
Two options. One is to have the loan restructured; the other is to have it refinanced.
2007-03-20 05:28:01 · answer #6 · answered by SGElite 7 · 0⤊ 0⤋
change the insurance comapany
2007-03-20 06:42:52 · answer #7 · answered by sudi p 2 · 0⤊ 0⤋
some help
2007-03-22 18:30:50 · answer #8 · answered by ingrid n 1 · 0⤊ 0⤋