Tuesday, June 30, 2015

Car Loan Is 630 A Month - How Can I Get Out Of It?


Car was purchased when I was married, now I'm divorced. This loan takes up half of my income after taxes and insurance is taken out.

I've gotta get rid of this car! Here are the details…

Purchased new 2013 Honda Accord in August 2013
The interest rate is 10.4 percent
The term is 74 months
The payoff is 27,500
The cars value is 18,500

I need a significantly lower note or just need to get out of it period.

Can I trade and buy another car and end up with a cheaper note or can I sale it?

If so, will the finance company release title and make me responsible for remaining balance? Please Help!

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