Yes. But you might have a difficult time getting a loan for it. If you just go pony up for a "beater" to get around in, you shouldn't have a problem.
no
no you can not sory
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What makes you think you can just return it. You can't. You bought it, you own it. Now if you are talking about doing a voluntary repossession, of course it will ruin your credit for 7 years. A repossession is a repossession, voluntary or not.
Go to a repossession auction. They are often advertised in the newspapers and on radio.
You can buy it from Walmart, Target, Amazon, and many other places.
absolutely, just be sure to buy insurance for it
Yes you can buy an house and own anothor at the same time ; it is up to you how many houses you buy and own and what you do with them .
Yes. The DMV (Department of Motor Vehicles) has nothing to do with whether or not your vehicle was reposessed (nor do they care). This will, however, affect your credit and ability to buy another vehicle.
When is the best time to buy a car? In summary the best time to buy or trade in a car will be as below: End of Year End of Month Monday to Friday
The crux of repossession depends on the contract you took out at first with the other party. My suggestion would to refer to the contract and find any clauses pertaining to repossession. The legality behind repossession is quite complex and difficult to outline and I am not a lawyer to give advice on that matter but can only give suggestions as a public person. For example, if you went into contract to buy a new car and overtime you could not pay the monthly installments then the other contracted party can take court actions through specialized repossession agencies to repossess your car. This may include further charges and expenses the other party can incur upon you on top of what you have in debt with that party. The list is long. Do not quote me as this website is open to international viewers thus each country and legal system may operates differently. It is wise to seek legal advice or talk to someone who has experienced it before.
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