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Sell it for what you owe if it is possible. Pay off the loan, get the title and sign it over to the new buyer. If you cannot get what you owe, then get as much as you can. Get a personal loan from the bank to pay of the remaining balance. The personal loan is better than the amount you owe on the car.

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โˆ™ 2010-09-11 14:51:02
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Q: How can you get out of a car loan without a repossession?
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Related questions

Can you get a personal loan after a car repossession?

You might be able to get a personal loan after a car repossession. However, you would get the loan at a very high interest rate one the repossession is on your credit report.


How long after repossession can you get a car loan?

The repossession stays on your credit report for 7 years.


Can they repossession your car from a title loan?

Yes. They can! The car is their equity basically!


Can you got to jail for keeping a car from a title loan repossession?

yes you can


Can you get a car loan with a co-signer if you have a repo on your credit?

You should be able to get a car loan with a qualified cosigner. Even with a repossession on your credit you should be able to finance a car loan.


How do you get out of a car loan that you don't want anymore?

Pay it off, voluntary repossession, sell the car and pay it off.


Can you be sued for a car that has been repoed?

If your car was repossessed, they will sue you for the difference in what the car sells for and the balance on the loan, plus repossession fees.


Once the loan goes to the repossession department how long do you have before they take the car?

as soon as they can find it


What is the statute of limitations in regards to car repossession in NC?

As long as a vehicle is collateral for a loan, it can be repoed.


Do you have to payoff a car repossession?

Yes, you owe the difference of the amount of the loan and what the vehicle was sold for plus any costs of the repossession. You are expected to pay that amount.


Can you be taken to jail for a car loan being overdue?

No. A car loan is a civil as opposed to a criminal matter. Being behind on a debt is not a criminal matter, therefore you cannot be arrested for it. Never the less, if you are behind on a car loan and if the loan is secured by a lien on the car, you may be arrested if you interfere with the loan company's attempts to repossess the car, provided that state you are in has laws that make it a crime to interfere with a repossession. But even in this instance, you are not subject to arrest for being behind on the loan, you are subject to arrest for interfering with the repossession.


Can someone repossess a car without filing for repossession?

yes

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