Does anyone have any experience with Toyota Financial's willingness to renegotiate on terms? I have a 2006 Rav4 that I wouldn't mind keeping if they would lower what i owe on it (owe 21k, worth about 12k). I'm just not sure how willing they are to negotiate anything. If they don't want to do anything, i'm just going to get an older Rav4, or something similar for around 12k anyway. I'm just looking to lower my payment and hopefully have it paid off in a couple of years after the BK.
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Filed Pro Se: 10/16/2009
341 Scheduled: 11/23/2009
Last Day for Objections: 1/22/2010
Discharged: 1/28/2010 -
Yes, I tried talking to Toyota before filing. I asked if ending the lease 7 months early could be worked out, but they wanted all of the payments to the end of the lease *plus* an early lease return fee. They were absolutely unwilling to negotiate. This was about 8 months ago, so maybe with the number of repos and BKs increasing they'll be more willing to work something out. I doubt it, though.
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