I dont want to make Car Payments anymore?

Tricia Dossous: You kind of understand how it works, but you're missing a big piece of the equation.You can cancel the finance contract any time you want. The lender will even offer you whatever amount for your vehicles no problem, and you'll have to pay the remaining balance to them, and you'll walk away free and clear. But because there is always a catch, there's a catch. In your case, the catch is you'll have to pay off the remaining balance that same day. When you got the loans, you agreed to use the vehicles as collateral to get a lower interest rate. If you take the lender's security away, they're not going to agree to all those months and years of little installments or the lower interest rate. They're going to want all that money back right away.I'll bet old Dave didn't mention that part, did he?...Show more

Benita Nancy: So, what you are saying boils down to you paying *$8000 more than you've already paid* to end up with ZERO cars. That's a spectacula! rly stupid deal.

Foster Padgette: I told you a year ago to just stop. Let them all go back & hope for the best.

Florencia Manolakis: Do not listen to Dave Ramsey. You should have decided against car payment BEFORE you bought the cars. You will only lose money now by selling them. If you have (say) $2,000 to cover the loss on the Impala, you should not be having difficulty making payments. But if you must, only sell one, and to a private party so that you get more $.