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What happens to a person who bought a car a month ago and has not made the first payment yet and wants to return the car?
Wiki User
∙ 18y ago
It is called voluntary repossession. They will sell the car. You will then have to pay the difference in what the car sells for and the balance on the note. You credit will then be ruined for 7 years. You don't want to do this.
Wiki User
∙ 18y ago
Wiki User
∙ 6y agoAlso, the seller can (and likely will) sue in court for the balance due and make you pay the purchase price.
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