Legal Question in Credit and Debt Law in Massachusetts

My husband had a stroke two weeks ago and according to his doctors is permanently disabled and will not be able to drive again. He has a car loan for a 2004 Volvo that has 6 years left on the loan. I do not want to make the $380 payment a month on a vehicle that he will never be able to drive and I have my own vehicle and car payment. Is there a way of "giving it back" to the finance people? Do we have to wait until they repossess it, and if so, are we liable for the difference between what they get at auction and what is owing on the loan?


Asked on 4/08/10, 9:59 am

1 Answer from Attorneys
Joseph Murray Joseph M. Murray, Esq.

You would be better off trying to sell it for enough to pay the loan balance. Good Luck!

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Answered on 4/14/10, 8:43 am


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