If your husband is being stationed in Japan and you take car can get out of the financing or do have to repossessed?

There are several options available if your husband is being stationed in Japan and you're concerned about your car financing situation:

Contact Your Lender:

- Reach out to your lender as soon as possible to discuss your circumstances. Inform them about your husband's military orders and inquire about the available options.

Temporary Deployment:

- If it's a temporary deployment, explore whether your lender offers a deployment assistance program. Some lenders may provide options like payment deferrals or reduced payments during the deployment period.

Long-Term Solution:

- If it's a long-term deployment or a permanent move to Japan, discuss potential solutions with your lender. They might allow you to:

- Transfer the loan to a co-signer: If someone is willing and able to take over the loan payments, you can potentially transfer the loan to them. This requires the lender's approval and a credit check of the co-signer.

- Sell the car: You can consider selling the car to pay off the loan balance. If the sale proceeds cover the outstanding debt, you can release the title and terminate the loan.

- Refinance the loan: Depending on your financial situation and the vehicle's value, refinancing the loan may offer lower interest rates or more favorable terms, making the payments more manageable.

Repossession:

- Repossession is a last resort when a borrower repeatedly misses loan payments. If you're unable to find a workable solution with your lender, and you default on payments, the lender may take legal action to recover the vehicle.

It's essential to communicate openly with your lender, provide documentation, and actively seek solutions that suit your unique circumstances. You want to avoid repossession and maintain a positive credit history.