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View Full Version : Question about ending a car finance contract



SRT10Killer
03-14-2010, 05:05 PM
So buddy bought a 2008 accord (v6) last year for 32k(I asked and begged him not to, but hondas are in his blood), he financed it though Honda, been making monthly payments etc..
Now fears of losing job and after 1+ years he realized that he should have bought a $2-5 car as his first car and is trying to get rid of it. The car is not damaged or anything.

What's are his options?

Barlow
03-14-2010, 05:46 PM
Sell the car for as much as he can.

You can buy out finance agreements at any time without penalty.

I've done this twice as both my cars i did finance were written off.

Insurance cuts a cheque, pays off finance and what ever money is owed to you.

Then you go buy new car.


Barlow