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What can you do if you can't afford to pay for the car anymore and want to give it over and you can't even have it refinanced?
Wiki User
∙ 18y ago
Whatever you do, do not allow this car to be repossess. Find someone who will take over the payments, even if you are upside-down on the loan and have to pay them something to do so. Defaulting on the loan will ruin your credit for 7 years and you will still have to pay the difference in what the lender sells the car for and the balance on the loan, plus repossession fees. A very, very bad thing for you. Do whatever it takes to avoid it being repossess.
Wiki User
∙ 18y ago
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