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It is best to check your lease/finance agreement. Used cars depreciate quickly, so it is likely your car is worth less than what you owe.

An example is: If you were to return your car when it is worth less than what you owe, you would be essentially defaulting on the remaining of your total. If you decide to turn it back in and owe more than what the car is worth, you can pay off the total of the car so you don't default.

Sometimes in private sales you can sell your car for more than what a dealership considers the worth of the car. If you could sell it for what is remaining on your loan, you could use that money to pay off your loan to the dealership and release the car to the new owner.

Hope this helps!

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15y ago
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6y ago

No. Although you can ask the dealer, your business with the dealer is completed. You are responsible for paying the loan company.

There is no return period unless the dealer has such a voluntary, user friendly policy. Most car sales are final. You need to read your contract and know the dealer's policies before signing anything.

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Q: You want to take your car back but you still have a loan on it would you just take it to the dealership?
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