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Summary: One way to get out of a car loan is to sell the car privately. Get out of a car loan by refinancing it or looking into a state's lemon laws with tips from a financial consultant in this free video on credit cards and personal finance.
Carrie Kukuda has a business administration degree, and was branch manager of a community bank. Kukuda owns a consulting business for one-on-one credit education & budget/debt...read more
"Don't want your car loan or your car anymore? Hi, I'm Carrie Kukuda the someday coach. I'm here to tell you how to get out of your car loan. Best way to probably do it is slap a for sale sign on it and put it out in the street, not in the street but on the side yard or somewhere that there's a lot of traffic. So try to sell it privately. Leave the sign in your car when you travel and leave a phone number so they can give you a call if they're interested. As well as you can take it to a car auction and get it paid for as well through that. Another way is to refinance and get a lower rate on it if that's the problem that is costing you too much, you may be able to get a lower rate for that car. You also might want to look into your state laws for the lemon laws. Maybe you car has been just one problem after another and there is lemon laws for that and you can go to www.autopedia.com. Well as a last resort, not a good suggestion, but something that you could do is to stop paying on it and let them repossess it. So I highly suggest to go the selling of the car and the refinance. Again my name is Carrie Kukuda and thank you."
eHow Article: How to Get Out of a Car Loan
Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.