How Do I Get Rid Of My Car Loan? Repossession Or Default On The Loan? I Am Upside Down On What I Owe The Bank. Its Been Refinanced At A 4% Interest Rate - I Just Can't Afford $420 Anymore.

I would like to know my options. I can't sell the car for what I owe because its more than its worth. I've already refinanced for better interest - but now have 4 more years of payments. I'm looking for a 2nd job but haven't had much success. SUGGESTIONS?

asked 1 year ago

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fontlow

The only option I can think of is to refi your house and roll your car loan into that. It may bring your house payments down... depending on how much you owe and what type of rate to go on... then the car will be free and clear for you to use or sell with no more payments. Other than that, I'm at a loss.

answered 1 year ago

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How Do I Get Rid Of My Car Loan? Repossession Or Default On The Loan? I Am Upside Down On What I Owe The Bank. Its Been Refinanced At A 4% Interest Rate - I Just Can't Afford $420 Anymore.

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