What To Do if You Can't Make Your Car Payment
Buy Out the Loan, Refinance, or Repossession?
Maybe your personal finances have just tanked, or maybe you're frightened that they soon could. Whatever the reason — layoff, stock market, 401(k) losses — you now find yourself saddled with a monthly car payment you can't afford. Your ride is fast becoming a 2-ton albatross. What can you do?
We're hearing that question a lot lately from Edmunds readers who want someone to take over their car payment or improve the terms of their car loan. So we contacted Pawan Murthy, director of partnerships and business development at Alphera Financial Services, to get the view from the lender side ... Back to article
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1 comments
By texas20
on 01/05/11
8:46 AM PST
Thank you so much for all your advice. We're having financial difficulties and I was able to call my car lender and ask for a car payment deferment for 30 days..We got it.
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