Feb
08

How do i get out of a car loan, can i get a cheaper car?

By
cheap loan

I had a car payment of 230 then me and my husband were doing really good financially and we went and got a new car. Now our payments are 450 and our insurance is 200 a month, we are having trouble paying our bills now because my husabnd has been laid off and my pay has been cut by 10% so I could keep my job. I think we would be able to make it if we had the 230 car payments again but we owe way more than it is worth. What can I do?

Sell and Rent Back
Categories : cheap loan

2 Comments

1

You’re stuck with the payments or you can sell the car and come up with the cash shortfall.

2

You will have to trade it in and pay the difference which they might be able to add to the new car loan.

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