What to Do When Your Car Loan Becomes a Financial Burden: Car Short Sale Explained

More and more car owners are struggling with car loans they can no longer afford. With rising car prices, high monthly payments, and expenses climbing, it’s no surprise many find themselves "upside down" — owing more than their car is worth. So, what are your options?

Consider a vehicle short sale:

Present your situation to your lender (proving you can’t afford the payments).
Demonstrate the car’s value (if it's worth less than you owe).
Offer to sell the car to a third-party buyer for less than what you owe, saving the lender from costly repossession and auction fees.
Even if you owe a little more than the sale price, you can negotiate to pay it off over time or even get some of that difference waived.

For more info or help navigating a car short sale, visit www.actualhuman.com for expert guidance.