If the car is financed through a bank, the bank is the only agency with authority to repossess the vehicle. The dealer, once paid by the bank, no longer has any claim to the vehicle.
For someone to take over the payments they must essentially get a new loan for the payoff amount in their name. This new loan will pay off your loan and will make thir payoff amount higher than yours.
Call a local attorney for state specific advice.
You would write to the entity that financed your lease to Honda. If it is not in your paperwork, perhaps your dealer can help you.
The dealer has nothing to do with the car unless he financed it himself. Do not do this! Figure something else out. Get someone to take over the payments, sell the car and pay the loan off, re-negotiate the loan. Do whatever it takes to keep your good credit. If you return the car to whoever holds the note on the loan, you will be responsible for the difference in what the car brings when the lender sells it and what the payoff is on the note. This will stay on your credit rating for years. A very bad idea!!!!!!
payoff phase
No. You can apply additional money to your monthly payments and that will accelerate your payoff. If you are looking for a shorter contractual term you will need to refinance the loan
Chase Att: HE Payoff Mail Code: OH4-7166 3415 Vision Drive Columbus, OH 43219-6009
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An amortization table is used when trying to calculate your loan payment,payoff time on a morgage. It can show the impact of making extra payments as well.
Killer's Payoff was created in 1958.
The Big Payoff was created in 1962.