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?
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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.
Sounds like the amount they give you is the payout figure, that’s not negotiable.
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