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If you bought a Mazda a month ago and you signed a check for 5000 down but you can't afford the payments can you return the car and what are the implications?
Wiki User
∙ 17y ago
Well, your best option is to voluntarily return the car before a repo order is put out on it. It may reflect on your credit that you defaulted on the loan, but it will be much worse if you establish a history of non-payment and involuntary repossession. Talk to the dealer, bak, or whoever it is who has the lien on the title and see if you can work out another payment arrangement. If you can't keep the car, then voluntarily turn it in.
Wiki User
∙ 17y ago
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Are there any alternatives to bankruptcy?
Best idea is to return the stuff you bought because you obviously can't afford it and then get a job and pay the rest.
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.
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.
Can you get a tax return for daycare payments Not head of household?
Can you get a tax return for daycare payments Not head of househols
Can your return a car you just bought?
Can I return the car (2006 Hyundai Sonata) I just bought?
What is tax implications?
When someone states that something has or may have tax implications, that simply means that it may affect the taxes you pay. It's generally used in reference to your federal income tax return filed with the IRS (& state tax return if your state has an income tax). If receiving a prize has tax implications, it would likely mean that you need to report the income on your federal tax return.
Can you return a car bought on a personal loan when you were told it was on finance?
Have the car voluntarily repossessed. Using this option means that you voluntarily return the car to the finance loan company if you are too far behind on your payments and can't recover. If you decide to return the car, the finance company may pick up the vehicle or it may require that you return the car to its location.
Can you return a used car to the dealership after 4 weeks No payments have been made?
No, the buyers remorse laws do not apply to the purchase of any vehicle new or used in any state. You bought the car and you own the car.
Are payments made to an insurance company in return for coverage?
yes it is
Is spousal support tax deductible?
Spousal support payments would not be deductible on your income tax return. Only Alimony payments would be deductible on your 1040 income tax return.
How do go about returning a vehicle only nine months old?
You cannot return a vehicle once you've signed the papers and taken the car off the lot. If you are unhappy with the car or can no longer afford payments, then your best option is to sell it person-to-person. If you bought the car new, then chances are you will not get when you owe on the vehicle because it has depreciated so much. You may have to make up the difference to pay off the loan if you sell the car.
Can you return a vehicle in 30 days?
You cannot return a vehicle. If you bought the used car "AS IS" with no warranty then you bought it as is, which means, exactly that, AS IS. If however you bought it with a warranty then the warranty may cover the repair.
