Foreclosing Your Car Loan: Is It A Good Idea? If you’re planning on prepaying or foreclosing your Car Loan, you may have to hit the brakes and think twice before doing so. Read on to know more! Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on WhatsApp (Opens in new window)