How Do I Get Rid Of My Car Loan? Repossession Or Default On The Loan? I Am Upside Down On What I Owe The Bank. Its Been Refinanced At A 4% Interest Rate - I Just Can't Afford $420 Anymore.

The only option I can think of is to refi your house and roll your car loan into that. It may bring your house payments down... depending on how much you owe and what type of rate to go on... then the car will be free and clear for you to use or sell with no more payments. Other than that, I'm at a loss.