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Sell it or trade it in. Then take the proceeds to pay off the loan.

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14y ago

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How do you get rid of car payments and financing?

Either pay off the car loan in full or sell it.


You live in Florida you bought used car with an APR of 16 high monthly payments you have had the car for a year and you can not afford payments anymore Without ruined credit how can you get rid of car?

You have to sell the car. If you give it back, it will still look as a repossesion...a voluntary repossesion. You do not want someone to take over the payments,as there is no guarantee that the payments will be made on time. Sell the car or try to refinance the balance, it is the only way. Good Luck..


Is the take over payments car for sale still available?

Yes, the take over payments car for sale is still available.


If your car is in the shop but you are still making payments can they repo the car?

Not as long as the payments are current and have remained so.


Is it illegal to sell a car when your still making payments on finance?

No its perfectly legal and if you are still making payments on it, that increases values.


If you own your car or house and are no longer making payments should you still have insurance on them?

If you own your car or house and are no longer making payments, should you still have insurance on them? Explain why or why not.


Is it illegal to take a car out of state when you are still making payments on it?

Not as long as you continue to make payments on it.


What can you do if your car blows up while you are still making payments and you can't afford to make those payments and buy another car?

Depends on what you mean by


If the bank repossess your car do you still have to pay your car payments?

NO but why would they repo if you are making payments. You don't still have to continue to make payments, however, if your car is repossessed, normally the finance company will sell the car and you owe any deficiency balance. In other words, let's say you still owe $5000 on your car and the finance company sells the car at auction for $4000. They will eventually contact you and you will owe the $1000 difference.


If your car is not in your possession because the car lot took the car back for repairs and will not release it do you still have to pay the car payments?

Yes! The car is still in your name. They can sue or sell it.


What will happen to you if your car is 6 months behind in payments and you still have possession of the car?

The lender will eventually repossess the car.


How do you know if you car is going to be repossesed?

The best indicator is that you still owe on the car, and you have stopped making payments.