You can probably continue to make the payments and they wont even know. When its paid off, they send him the title and you sell it by signing his name.

The legal way would be for the executor of his estate to contact the lender and try to get them to let you take over the loan.

To answer your question (sort of) – you are in a VERY bad spot, if you want that Sebring so baddddddd! You will not be able to negotiate a good deal from the dealership and as soon as you drive off the lot, the value will go down by 20% (maybe more!)

Save up some cash, buy a USED car and skip the payments. Take the money you would have spent on payments each month and save it up, so when it’s time for another car, you can pay CASH – there’s some negotiating power! How happy do you think you’ll be paying $400, $500, $600 on that 5, 6, 7 year old car (in 5, 6, 7 years)? Or, to put it another way, how would you feel about making the same payment on a 5, 6, 7 year old car if you were making those payments today? Try tacking on the interest payments over the course of the loan? How much MORE will the car cost with interest (that’s the REAL cost of the car)? New cars are a HORRIBLE place to put money. Let someone else take the depreciation, buy a vehicle someone else has (f)leased.

BTW – All banks put holds on checks if you don’t have the funds available to cover it, just in case it IS a bad check.

see if u can co sign…. it doesnt hurt to ask

Unfortunately banks are seeing a lot of fraudulent checks these days. Cashiers checks and government checks are the most likely to be fradulent and for large amounts of money. Banks put the hold on them to protect you as well as themselves against loss. Your credit score should warrant a good interest rate on a car loan. Also check on having your payment automatically deducted. Most banks offer a discounted rate when you do that too. Check with your local bank. Banks base rates on the year of the vehicle and your credit rating.

Do you own a home? If so use your equity line of credit.
Otherwise 6.5 – 8% … Good Luck!!!
^

2% Off? Wow, all that trouble for 2% Eh? .. Isn’t it just better to get a lower costing automobile and polish it up just a little.. it all matters what’s inside the car.

Call three other credit unions nearby and ask them.

Some people don’t know how to get a good rate, and end up paying 12% APR. That happened to a dumb person I know…

4th

True that. In relation to this video though. Doing this much research, keeping track of your finances.. put that effort in finding a decent second hand car with less gass intake and good milage.. I think you got a done deal. Test drive.. someone with you that knows how to spot faulty aspects of the car.

A friend of mine brought a friend who does the yearly check-up. Is that APR you are talking about? Anyway.. point made.