Can I negotiate my car loan payoff amount?

I'm trying to lower my bills. Being able to negotiate the payoff amount for my car would help with this.

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Eric Schad
Answered on Apr 07, 2021
“In the vast majority of cases, no. Lenders have a contractually binding agreement with you, and they’re unlikely to take less money or negotiate a car loan payoff.
However, you might be able to get them to play ball if you’re on the brink of financial ruin. For example, if you’re close to bankruptcy, telling your lender and then offering a final lump sum may sway them. Just make sure to get the terms in writing to cover yourself. “
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