Is there a way to get out of a car loan? beside repo or lemon law?

Question

Is there a way to get out of a car loan? beside repo or lemon law?

Answer 1

No. You signed a contract and you are financially obligated to the lender. A repossession isn't a way out of a car loan. You still owe the money, but now you have no car. The lemon law is designed to protect buyers of new vehicles which have serious manufacturing defects. Again, it is not a way out of a loan.

Answer 2

You need to explain your question a bit more dude.

Why do you want to get out of the loan? and what do you mean get out of?

Do you want to keep the car and not pay for it?

Do you want to sell the car and pay your loan out?

What exactly do you mean?

Answer 3

It can really save you some money to just get an automobile loan price online to check out what the going rates are.  You might be really happy.  Also if your credit is not good, a lot of them are more willing to help you.



What I most often tell folks is that an online quote at http://auto.lowratetoday.com is what I would do.

Answer 4

If you mean having to not pay the loan anymore while still keeping the vehicle, no. You must somehow either pay off the loan or let them repo the vehicle to get out of the loan.

Answer 5

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