Can You Give a Car Back to the Car Dealer or the Finance Company Once You've Purchased It? What Do You Think?

Hi Tony,

Can I give my car back to the bank or the car dealer? I purchased a new car last September and can no longer afford the payments. What is the best route for me to take?

Is it possible for me to approach the finance company or the car dealer for assistance? Will they take it back and cancel out my payments?

I wish I was aware of your web site before the purchase. I'll know better the next time, and I'll be sure to spread the word about your web site.

Thank you . . .

Autumn L.

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Hi Autumn,

You can talk to the finance company for advise, but there's no giving the car back unless you bought it from a buy-here pay-here car lot that does it's own financing.

You can't give a car back a week after buying it let alone 7 months later. You either "bite the bullet" and make the payments on time each month, or they will repossess the car. Once this happens your credit will be in the toilet and there won't be a "next time" for years to come.

Good luck . . .

Tony Iorio
http://www.insidercarsecrets.com
http://www.used-car-warranty.com
http://www.car-loan-quotes.com