Feb 12 2010
Do car finance companies allow for negotiation on a loan buy out or pay off?
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I have a 17.5% car loan and the pay off amount is ,538
Orig loan amount ,739.
The car may be worth ,000 at the most.
5 year loan that I am three years into.
I will be coming into some big money soon and I was wondering if I can negotiate with the car finance company
or will I have to pay the full pay off amount: ,538?
3 Comments on this post
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Jay P said:
Nope…you are responsible for the full value of the loan from the minute you signed your name on the contract. Kind of stinks but it’s the drawback of signing loans with high interest rates with little down payment.
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0February 12th, 2010 at 2:50 pm -
dinkydionline said:
Sounds like the amount they give you is the payout figure, that’s not negotiable.
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