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Sun 12 Oct, 2008 05:07 pm
If a borrower (Ford motor credit) sees a problem in making their monthly car payment,,,is it possible to negotiate with the lender as to term length or reducing the interest rate to bring down the total monthly payment?
Tnx,
jclbiz
@jclbiz,
Nothing to lose by trying. There are more repositions in the auto industry now, so I'm sure they'll be happy to re-negotiate the terms of your auto loan. They don't need more used cars sitting in their full lot.
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