answersLogoWhite

0

There may be a way to terminate early, however there may be penalties. You must read the loan contract to determine its terms.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

How many days do you have to get out of an auto loan if you do not like the car?

On any loan agreement, in the US, a person normally has three days to cancel a loan contract. There should be problems with this at all. If there is, contacting an attorney will set things straight.


If you signed a purchase contract stating that the buyer would finance can you cancel the contract if you can't get a loan?

It depends upon the specific terms and conditions of the contract. If the contract simply states it is the buyer's obligation to secure financing, then you can NOTcancel the contract. If the contract states that the agreement is conditional upon the buyer's ability to secure a loan, then you CAN cancel the contract.


Can you cancel an auto lease contract in PA?

if your the leaser you can cancel anything there is usually a procedure that you have to do and another to get the car back


Can you cancel your car loan before you receive the money?

3 days after signing contract


Can you change your auto contract?

This depends on what type of contract you are in. If you are in a auto loan contract through a bank or Federal Credit Union, I suggest you talk to your bank about it. Some banks have offers where you can refinance the car at a lower rate or extend the loan period at a lower rate. Be warned if you attempt to change your auto contract, expect to pay a lot more then what you got approved for on the car. If you are on a rent to own auto contract then no.most rent to own places will not allow you to change the contract. Overall I suggest you talk with your bank first and see what type of options you have. Most the time banks will not offer you the ability to change your auto contract since the auto loan contract is considered as an installment loan which is a fixed monthly payment.


Can purchaser cancel auto financing?

The only time the purchaser can cancel auto financing is in the begining of the loan during the "interview" with the finance company. That is one of the reasons the dealership will not tell you who the finance company is before they get "funded" by the bank. If you knew who the finance company was before the dealership gets funded then you can cancel the financing. The other issue you have is the contract signed with the dealership. They can still say they will be the bank and stick you with the car and the financing.


Can the cosigner be taken off the auto loan contract if stated and the loan is in good standing for 12 months?

No the co-signer is on for the life of the loan


How do you cancel a Loan. I want to cancel my loan of 400. How can I do that?

The only way to cancel a loan is to pay it off. The lender owns the loan and you have no control over it at all.


Is there a right of refusal on a auto purchase in Illinois?

After signing a sales contract, you have three business days to cancel the transaction.


Auto loan and no collision insurance?

Don't do it as you are likely breaking your contract and the auto will be repossesed or you will be charged for forced place coverage or both.


Can a bank charge bank fee for an auto loan?

Yes, if you signed the contract that included it in the language.


Can you cancel a contract for a new vehicle if you have not taken possession of the car?

Of course one can cancel the contract but this will involve some penalty charges. Although dealers don't charge you any penalty in case the reasons are not personal, for example cancellation of loan etc.