Powered by Yahoo! Answers
Relief from a car loan....?*
If you co-sign for a car, and you need to get rid of the car, and the loan, how can you go about doing this without simply caving in and going through a repossession? In this case, a "take over payments" is not feasable.
Answers:
1) sell the car for the amount you owe
2) try to have the principal signer to refinance without you.
3) The only way to do this is to get someone else to buy the car and get it financed or cash out other then that if you cant afford it then there is no other choice other then to give it back it will be called a volunteer repo it will still hurt your credit the bad thing to is the one you co-singned for it doesnt hurt there credit as bad good luck I've had good luck here... http://auto.deal4-you.com All the best to you.
It may be that these answers have been provided by people who are not as knowledgable or familiar with this topic as you are. Because of this, CreditOptions gives you the ability to provide a better answer to this question and once your answer has been approved, it will replace the answers provided by Yahoo.
Click here to provide your answer to this question.
*The answers on this page are supplied by users of the Yahoo! Answers forum or by visitors to this site. CreditOptions does not necessarily endorse or agree with the answers provided.
Home Articles Tools Credit Quiz Credit Analyzer Contact Us
Credit Cards Credit Counseling Credit Repair Credit Reports Debt Consolidation Identity Theft Mortgage Loans Payday Loans
Credit repair companies are a ...