No
they usually do not give it back. once they take it, it is theirs.
No, you are obligated to pay the loan you agreed to. If you give back the car (a voluntary repo) it will seriously affect your credit.
that's the point of repossession. you cant pay, they take it away.
No, you will not be arrested but you are still liable to pay back the loan.
pay off the debt you owe on the car, and if they trust you enough the company you are making the payments to for the car will continue to give you the car
In Chicago, IL if your car is repossed by the dealer do you still have to pay back the money for the car?
just take it back where you bought it and tell them you can not pay, but have a ride home with you
Back when car companies were first getting started they did not have the money to produce cars and have them sitting around waiting to be purchased by dealers. The would have the dealers pay up front before the car was built. The price they had them pay for the car was more than the cost and when the dealer sold the car they would send them back the overage or hold back. Although dealers no longer have to pay for a car before it is built they still pay more than the car costs. Just like in the beginning when the car is sold the manufacturer will give the dealer back their held money. This is a way for dealers to keep a steady cash flow as long as they are selling cars even if they sell one or two at true cost.
It would depend on the contract you had
IT DEPENDS IF IT IS BUY HERE PAY HERE OR A BANK REPO BANK REPOS YOU HAVE 15 DAYS TO PAY THE CAR OFF IN FULL AND 30-60 DAYS TO RETRIVE YOU BELONGINGS OUT OF THE CAR. BUY HERE PAY HERE LOT WILL GIVE YOU YOUR CAR BACK AS LONG AS YOU PAY THE REPO CHARGE AND YOUR BACK PAYMENTS
Call whoever provided you with the loan and tell them you can't pay for it and give it back to them.
Why would someone give something to someone with getting paid. It sounds like the car was a gift.