Drive Financial
High loan cost and negative equity on a 2002 Taurus

I think Drive Financial and Watson Motorsport are owned by the same company. I financed my 2002 Ford Taurus through them back in 2002. My car was around $8,000, and by the time I finish paying my loan I will have paid almost double. Highway robbery. I requested a payoff quote out of curiosity, and it really didn't make much difference. Now I am trying to get something new, but unfortunately the car is giving me problems and I can't drive it to a dealer. At this point it isn't worth anything and it's hard to get financed with an excess of $5,000 in negative equity. Does anyone have a solution to get out of a bad deal?

Company: Drive Financial
Country: USA

  <     >