Alright, has anybody got any info at all on doing this? There is a guy with an 06 Toyota X-runner offering to have someone take over payments. I don't know what they would be yet, i havn't called. But, am curious as to if there are any questions I need to ask or if it should be done through any certain comapny. Thanks in advance to all. And, yes, i've searched google and only come up with more people wanting to have thier cars payments taken over. Anybody can help me? Thanks huge in advance!!

Tylor

 

i am a finance manager at a car dealership, and there are some questions to be asked......like

whats the book value on the car?
how much $$ are left on the loan?

do you have good credit? just refinance it

the biggest drop in value is when the vehicle is initially purchased and the first year or two. more than likely unless he put a big downpayment when he bought it, than he owes more on it than its worth....not usually a good idea man, but there are exceptions to every rule.