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Basically you call the company you got the loan from and tell them you cannot afford the car and you want to voluntarely have it repo'd, they will walk you thru the rest
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∙ 16y ago
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Can you return a car to the lienholder?
If the lien holder allows. This is voluntary repossession and will probably not relieve you of any money you owe.
What happens when your return a car to finance company?
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.
Can you return your car if you got it from a buy here pay here?
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.
What happens if you do return a car after purchase?
If you try to return a car that the dealer does not agree to take back you may indirectly enter into a voluntary reposition. Be careful this is when you better read everything before you sign and get copies of everything you do sign.
If you bought a used car and want to return it and buy a cheaper one will it ruin your credit?
What makes you think you can just return it. You can't. You bought it, you own it. Now if you are talking about doing a voluntary repossession, of course it will ruin your credit for 7 years. A repossession is a repossession, voluntary or not.
If you voluntarily let your car be repossessed by the lender do you still have to pay on the loan?
Yes! It will still be listed on your credit report as a voluntary return and you will still be responsible for the cost
How will a voluntary repossession affect your purchasing a car within a year from the voluntary repossession?
A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.
In Washington state how long do you have to return a car?
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?
What if you voluntary repossession of your car due to excessive car repairs?
You are combining two unrelated items.The bank doesn't care if your car is running or the problems with it they want their money.A voluntary repo is the same as a non voluntary repo you will still owe the balance of the loan after the car is sold and the amount deducted from your outstanding loan.
If the car dealer misleads you car you return a used car?
No, you can not return the car.
What cause car crash?
voluntary(unsafe) driving
I have a car for 2 yrs now and is not fully paid but i want to return it will returning it affect my credit?
You can't just "return" a car. You can surrender it to the lienholder. This is called a voluntary repossession, and yes, it will affect your credit ... it's still a repossession, even though it was voluntary.What you could do without negatively affecting your credit is sell it or trade it in.
