Car Buying
Auto Loans and Financing
Repossession

Can you return a car if you can not pay it anymore?

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2005-10-28 00:44:25
2005-10-28 00:44:25

Yes, but this will only help you avoid repo charges. your car will then be auctioned, and the difference between the auction price and what you actually owed the bank, will be the amount of $ the bank will demand from you. After turning the car in it may take upwards of 6 months before you hear anything from the bank, but rest assured, they will come for their money. Sure you can. It will also ruin your credit for 7 years. You will also pay the difference in what the lender sells the car for and what you owe. Don't do it. Work something out with the lender.

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Pay it off, voluntary repossession, sell the car and pay it off.

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On a new car it is 3 days after you pay for it.

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You can return it and ask them to repair it if you bought it with a warranty. If you bought it "AS IS" then you will have to pay for the repairs. You cannot simply return the car for a refund. The buyers remorse laws do not apply to the purchase of a vehicle.

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Then they have a choice to not drive anymore, or pay a lot to fix their car.

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yes you can if not they will just come in the night and take it.

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its not too common anymore... if they do, they might have you sign a tax form.......

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Insurance is supposed to return the car to the condition it was before it was stolen.

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There are a few places you can rent online that don't make you pay until you return the car! You can check the following

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You need to be more specific in your question. Return a car to a dealer, return a leased car, return a borrowed car to a friend, return a rental car?

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if the car is badly damaged then you have to change the tires but if it is in good condition then they will do it for you and you will only have to pay half the price

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just take it back where you bought it and tell them you can not pay, but have a ride home with you

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After a car purchase, can I return the car?

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the key is "NEVER RETURN". If you plan to do that, have a nice life. IF you plan on availing yourself on credit in the future, make arrangments to pay. It wont go away.

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In Minnesota, a used car cannot be returned within 72 hours of purchase. Once the contract has been signed, the car cannot be returned anymore.

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you will pay the balance that car would be worth unless it wasw reported stolen real early/ before repo

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No, you cannot just return the vehicle. The buyers remorse law does not apply to automobiles. You can of course return it as a voluntary repossession, which would be a horrible idea.

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It is treated as a voluntary reposession and it still hurts your credit. They will auction the car and you will pay the difference of your loan and the amount they get from auction.


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