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No, you cannot just return it to the dealer. The dealer has nothing to do with this unless the dealer is also the lender. You must return it to the entity who loaned you the money to buy the car in the first place. It is their car until you pay for it. This is called a voluntary repossession. You will be required to pay the deficiency. That is the difference in what you owe on the vehicle and what they sell it for at auction or private sale. Your credit will also be ruined for 7 years. You will save repossession fees by turning it in voluntarily.

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Q: Can you return a new car to the dealer because you cannot afford it?
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Related questions

How long do you have to return a new car to the dealer in Missouri?

Once you sign the papers, it is your car. You cannot return it unless the dealer agrees to the return.


Can you return a faulty car back to a dealer after five weeks?

You can usually return a faulty car back to the dealer, but to be repaired. You cannot return a car unless the dealer refuses to have it repaired.


If you buy a car from the dealer and you can not afford it and want to return it can you?

No, not unless the selling dealer agrees to take it back which is highly unlikely. You bought it and you are stuck with it.


In Texas how long do you have to return a used car to the dealer?

Look at your rental agreement. It spells it out.


How long do you have to return a used car to dealer in ind?

You cannot return it. The buyers remorse law does not apply to the purchase of a new or used vehicle.


How long do you have to return a car to the dealer in Arkansas?

You cannot return a car you bought. It is a myth that the Buyers Remorse Law applies to the purchase of a vehicle. It does not.


You can no longer afford your vehicle what do you do?

Your best option is to discuss it with the dealer or who it is that's holding the loan.


Can you return a newly purchased vehicle back to the dealer within twenty four hours in the state of Louisiana?

No, you cannot.


You bought a car for your fiance and now the wedding is off you need to get rid of the car Can you return the car to the dealer And how will this affect your credit?

In general, you cannot return a car to a dealer. You can sell it back to them, though. Selling it won't affect your credit.


If you have two years left on a leased vehicle but you can no longer afford the payments can you return the car to the dealer?

You will have to pay any balance due after the car is sold and then it ruins your credit.


Is there any amount of time to return a car to a dealer?

No, Buyers Remorse or Cooling Off Period Laws do not apply to the purchase of a new or used car in any state. You cannot return any car because you changed your mind. You bought it and you own it.


Can you return a car bought from a dealer if car broke in less then 2 months?

Yes but it would be worth less money than before because of the damage. If you are asking can you return it for a refund, the answer is NO if you bought it "As Is". If it has a warranty then the dealer will repair it. Talk to the selling dealer.