Question:
I decided to get a car I could bearly afford. Now I am having financial difficulties and don't want to get the car reposesed. Do I have any other options? I still need a second vehicle for transportation as well.
Answers:
If I sell a car before I finish paying on it and don't buy another car, what happens to the loan?
you can try and talk to the people you bought it from,and see if they might be able to lower the payments some on it ,otherwise you,ll have to male a decision to keep it or let it go,maybe they,ll help you out,good luck,i hope this help,s.if you can't pay for it maybe you have a relative that will loan you the money and you could pay them back as you get the money .lots of luck. or you could ask the bank for a loan payable back when your hunch back brother stratiens up.
It really counts on the make and model and how many payments you have made! Plus the condition and service records you have.Now for the Bad news! If you got it new you lost money when you left the showroom so plan on losing a ton of money.
how do i use an amortization schedule to payoff my auto loan quicker?
you could put it up for sale for a low price+take over payments depending on how much you have into it. Then go and buy something you can afford. I never buy a vehicle if I dont have the money for it in the bank, it hurts a lot more pulling several thousand out of your savings than signing your name and handing over a couple grand but it costs less in the end.More Questions & Answers ...
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