I'll be receiving my tax refund here in the next week and I'm wanting to pay off my "loan" through CAC. When my wife last talked to them she asked them about the payoff amount, I believe it's around $2300. So I'm wondering if anyone has had any experience with them, and whether or not they would take a lesser amount? It doesn't hurt to offer them less and see if they take it, but I don't really know how to go about the offer, any suggestions?
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They will want the full payoff specified by contract. You don't have much negotiating leverage since they hold the title to your car. Under nearly all contracts, payoff as a lump sum will be less than the total of remaining payments because they stop charging interest.