Wednesday, October 3, 2012

How to Get Out of a Car Loan When You Just Bought Your Car

There used to be a man in Valdosta, Georgia that had the nickname of "Torch". Torch was a big guy, and that's about all of the description that I'll tell you. I've heard, but never seen, that you could give Torch $600.00 in old $20.00 bills and he'ld take care of your car loan for you. For another $400.00, the car was guaranteed to never be found. Torch is now in federal prison.


Wanting to get out of a car loan right after you've bought your car is simple if you act fast.


If you just bought the car at a dealership within the last couple days to a week, you can get out of your loan. The dealer won't tell you this, but all you have to do is call the finance company that the contract is with and tell them that you feel that you were misled about the car by the dealership. Tell them that you are returning the car to the dealer in the original condition and that you will absolutely not pay the loan if they send it through. Trust me, this will have their attention and they absolutely would rather back your contract out of their system than to have an instant repo on their hands. This works only if they have not yet sent a check to the dealer for the car. Don't ask them if they have or not because they can cancel the check to the dealer, easily to avoid an instant repossession.


Trust me, it works if you act quick.

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