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Can you cancel a auto loan with no penalties?



Can you cancel a auto loan with no penalties?

It depends on the State and city you live in. And also the firm that holds the loan. Most do charge a fee or penalty to cancel a loan. I would check with the company that holds the loan and get the information. Also read all the fine print on the loan papers, there should be a section that tells you about penalties etc..
Good Luck.
Kali
pay up in full via another loan
you can pay it off
--unless there are prepayment penalties in place

I got a replacement loan after 3 months - and saved $1,700
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