I have an auto loan. I wish to pay it off. How do I go about this request? Thank you, Rosemarie

Rosemarie Starstrom | Sep 18, 2018 | Category: Toyota dealer

Bev Smith Toyota - All questions

Address: 3350 US-1, Fort Pierce, FL 34982, USA

Thomas Rose | Sep 18, 2018

Find out if there is a penalty for an early pay off, that is where is part of how they get you. It is a double edged sword, they get you to finance so they can get paid right away, then when you go to pay off the loan with another lender they charge almost a thousand dollars to make up the interest they will lose. You got stuck with a lender they said would approve you. That in itself is a lie, the lender pays them money to get you to finance with them. They make X-amount of dollars off your high interest rate. If you pay it off early they will lose X-amount of money. The financed department there is disgusting, like it is at most every car lot. The best thing to do is to have whomever is going to pay off the loan speak with them, if you are paying it off have your bank pay it off. They can talk to the other lender and get a better deal them you. But find out if your bank charges anything to do this. They are all out to make money. Keep an eye out for the interest rates (APR).

Frank Torres | Sep 18, 2018

Call the lien holder and they will help you with that

John Santarsiero | Sep 18, 2018

Contact the líen holder and request the payoff balance!

Marilyn Muse Johnson | Sep 18, 2018

The lein holder can help u by telling u how. Ask them for help.

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