Can you please specify what you mean by returning a vehicle? Are we talking about returning a vehicle within the specified time by the dealer because you are not satisfied or are we talking about returning a vehicle that has been repoed?
For a better chance at getting the vehicle loan, increase your credit after the vehicle loan. Increasing your credit before may reduce the your vehicle loan amount.
The cosigner's credit will only be affected if the person that they cosign for defaults on the loan. The bankruptcy will not affect the cosigners credit.
When a consumer defaults on a car loan their credit becomes negatively affected. Not only that, the previously purchased vehicle will become subject to repossession if the payment is not received.
Your credit score is only affected if (1) your name is on the loan and (2) you are a primary borrower. However, if there is a loan that is used to secure a title (to either a boat or car), until the loan is paid off, the lender's name is on the title, not yours (unless, of course, you are lending the money that bought the vehicle).
"The credit crisis has affected the mortgage lending rates drastically. Many lenders are not giving out loans and mortgages at all without either high down payments, or pristine credit."
AnswerIf the surviving spouse was not a joint borrower on the vehicle loan the repossession affect/appear on their credit report.
It depends why you are returning it but it should not
No, it shouldn't unless your debt to income ratio is affected or having a good credit score.
Both parties social securities #'s are sent to collections for the amount due.
If you are not on the loan, then your credit will not be affected. Unless the court makes you responsible for the debt (doubtful) then there is nothing to worry about.
NO
Badly
For a better chance at getting the vehicle loan, increase your credit after the vehicle loan. Increasing your credit before may reduce the your vehicle loan amount.
The cosigner's credit will only be affected if the person that they cosign for defaults on the loan. The bankruptcy will not affect the cosigners credit.
People with bad credit will have more difficulty leasing a vehicle. Different lenders have different criteria for what is good credit and what is bad credit.
If the vehicle is a charitable donation: If the vehicle has been paid in full then no, it should not affect your credit score. One thing it can effect is your tax return. You should definitely get a donation receipt and claim this as a charitable donation on your income tax return. If the vehicle is a purchase you made and later couldn't afford: Yes, it absolutley will affect your credit score. Unless you make an arrangement with the lender to pay any remaining balance, or they are able to auction the vehicle for as much or more than what you owe.
The time frame for returning a used vehicle to get a refund in most states is never. Once you sign a contract, except in extreme circumstances, you are stuck with the car.