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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.
Wiki User
∙ 2005-10-28 00:44:25
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You have 20000 dollars in car financing debt and you can't pay for it anymore what do you do?
Don't Pay For It anymore.
How do you get out of a car loan that you don't want anymore?
Pay it off, voluntary repossession, sell the car and pay it off.
If you return a car can you be forced to pay the balance of the car loan?
you only have 30 days to return for free
If you leave your car at a tow lot will you have to pay if you dont want the car anymore?
yes because it specifically said car tow meaning that you pay for the car even if you dont want it, you must pay.
Can you return a car to a buy here pay here lot?
No
How long can you return a car if you didnt take possession of it?
On a new car it is 3 days after you pay for it.
What can you do with a lender when you can't pay for the car anymore?
You can contact them and sometimes you can work out a deal with them. If not, you can allow them to repossess the car. Contact the lender and they will tell you where to take the car.
Can you return a used car if it has problems?
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.
What happens when both drivers have no auto Insurance?
Then they have a choice to not drive anymore, or pay a lot to fix their car.
When you received a ticket in France two years you did not pay it will you be able to rent a car when you return?
No
Can you return a car to the dealer if you cant pay it?
yes you can if not they will just come in the night and take it.
If a car is in your deceased mother's name and you don't want the car and plan to return it to the dealer will you have to pay what is still owed?
you or her estate???
