How to Get Rid of Car Payments

Video Transcript

"Hi. So you're wondering how to get rid of your car payments, no problem, I'll be able to tell you how to do so. My name's Adriel Torres, I'm the owner credittoday.com. Different, several different ways you can get rid of the car payment. One is to obviously sell it out right, two is to refinance the vehicle that a lot f secondary and even some big banks out there that will give you a new loan based on credit. You have good credit and you didn't at the time, you purchased a vehicle, or you may want to look in to that because you can save yourself some money by obtaining a new loan that has a lower interest rate. Or you can maybe perhaps borrow the money from a friend or a family member and hopefully, they'll be able to, they'll charge you a lot less than your current note. If you're a homeowner and you have some equity, another way that you can get rid of it is by obtaining a home equity line of credit, or a second mortgage, if that mortgage, the rate on that mortgage is going to be lower than the, than the interest rate on your car payment, then that's certainly another way that you can go about it. Either way, it will obviously get rid of your car payments. My name's Adreil Torres and I'm the owner of ultimatecredittoday.com, thank you very much."