Need to get out of a car finance agreement?

I am financing a car but decided not to keep it. Anyone knows how to get out of the finance contract? Im thinking of selling it to a dealer and just pay the remaning upside down cost? Any better suggestion?





Thanks a lot.

Need to get out of a car finance agreement?
Put it into the newspaper as take over payments. What you can do is sell your car to someone and go to a bank or financial institution and the erson you sell it to can arrange to take over the payments in their name which will not effect your credit.
Reply:if someone else takes over the payments the car and loan is stillin yuour name. make the jackass you cosigned for keep making the payments and dont ever do that again Report Abuse

Reply:Well, for starters, you can't "get out" of the contract; it's just that...a binding, legally enforceable contract. You should have thought this through before signing it in the first place. You can sell the car but you are still responsible for the whole amount financed. Sounds like a costly lesson. Just curious...why don't you want to keep it? Can't afford it, or just cold feet? I suppose it doesn't matter...either one sounds a bit irresponsible.
Reply:try selling the car privatly. "you will get more for it" you gotta pay off that balance somehow.... watch for deals where a dealer will pay OFF your car..
Reply:Call the finance company and tell them to come and get it. They will do everything they can to keep you happy. They will be willing to deal when they know that you are ready to just dump it. Or, try to sell it for what you owe on autotrader.com. You will be surprised at how well that site works.