PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
How can to get out of a car loan?
Unfortunately, I broke my wrist a while ago from turning and falling into a dip in the road that I didn’t see while walking. I now have a lot of expensive medical bills and my car loan is making it difficult. I won’t be driving for a long time; is there any way to get out of my car loan?
Lauren Smith · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
I’m so sorry to hear about your wrist! If you can, reach out to your lender and ask them how much you still owe on your
car loan
. If you explain the situation, they may be willing to help. Or you can try one of the following with their permission:Selling your car can feel like a loss, but depending on how much you owe on your car, you may be able to sell it and still get some money to pocket and put towards your medical bills. Selling at a dealership or trading in for a cheaper car is easy, but you will make more money selling it on your own via a private sale.
Refinancing your loan is essentially changing your loan terms in the hopes of getting a shorter loan term, with a smaller interest rate (APR). These options should save you money in the long run. You can check with the
Jerry
app to see if we can help you get a better deal on your car loan. You can also save money by comparing car insurance quotes from the top providers. The average Jerry driver saves $879 a year on car insurance! Surrendering the car is usually a last resort and people only go for this one if they are missing multiple payments and are looking at an impending repossession. Be careful with this option. Reach out to your lender and see if they can work with you, due to your injury they might be able to put a pause on your billing for the time being or rework your deal.
I hope your wrist heals soon!
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
.jpg&w=64&q=75){kind=avatar}
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
