Paying a loan on a vehical that needs repair?

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Paying a loan on a vehical that needs repair?

I bought a vehical about a year ago and took out a loan for it. The motor recently blew in the vehical, is there any way to put the loan amount on hold? my guess is no but I was just wondering if there was something out there that I didntknow of.

2007-10-09 07:55:30 · 2 answers · asked by hotrodrammer02 1 in Business & Finance ➔ Credit

2 answers

No you can`t.The loan has nothing to do with the vehicle breaking down.
But what you should check if you are still covered by the warranty of the vehicle.

2007-10-09 08:00:15 · answer #1 · answered by Anonymous · 1⤊ 0⤋

You have a contract to make payments. If you took out a loan, it doesn't matter what you did with the money. If you took out a loan to take a vacation and didn't have fun, you still have to repay the loan.

2007-10-09 15:01:27 · answer #2 · answered by Ted 7 · 2⤊ 0⤋