It’s good you recognized investing more money into your old vehicle is not a wise decision. Unfortunately, you cannot scrap a vehicle with a title loan because you do not own the vehicle outright.
Alternatively, if you get a quote on your vehicle that is more than you owe, the lender may allow you to sell the car and then pay the remainder of your loan.
Once the debt has been settled and you are shopping for a new vehicle, don’t forget to buy car insurance
. To easily compare quotes and purchase a new policy, download the Jerry
app. After providing you with a comprehensive cross-analysis of the best policies across providers, Jerry will handle the phone calls, paperwork, and renewals for your top pick so that you don’t have to. The average Jerry driver saves $879 a year on car insurance!