Auto Loans and Financing
Used Car Buying
Money Management

Can you return a pre-owned car to the dealer after one year of use if you are unable to continue the auto loan payments?


Top Answer
User Avatar
Wiki User
2015-07-15 18:42:32
2015-07-15 18:42:32

The dealer has nothing to do with the car unless he financed it himself. Do not do this! Figure something else out. Get someone to take over the payments, sell the car and pay the loan off, re-negotiate the loan. Do whatever it takes to keep your good credit. If you return the car to whoever holds the note on the loan, you will be responsible for the difference in what the car brings when the lender sells it and what the payoff is on the note. This will stay on your credit rating for years. A very bad idea!!!!!!


Related Questions

User Avatar

Yes, if it is in the return period

User Avatar

Can you get a tax return for daycare payments Not head of househols

User Avatar

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

User Avatar

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.

User Avatar

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

Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.