What is the name of your state (only U.S. law)? New York
Help! I need desperately to just get rid of this piece of junk in the driveway! Car has lien on title for a loan that is still open and I am currently making payments after I fell behind and loan was renegociated. Car was never brought up again as collateral. I don't want any money for the stupid car. Wasn't bank also irresponsible to give loan with a car at the time almost 15 years old with almost 200k miles? Bank will not work with me. Car is of no value. Signed contract in place for full value of loan, but will not release lien because they will have no claim to the loan? Doesn't the contract do that? Can I just donate it? What are my options? I have been on the phone with DMV and creditor for the past two days.
Thank you kindly.