0
You cannot simply return it to the dealer. It does not work that way. Unless the dealer is the lien holder, he has nothing to do with the car, which you will find out very quickly if you try to just take it back. You bought the car and took out a loan which you promised to repay when you signed a legal contract to repay the loan plus interest. If you are having financial problems, contact the lender and see if you can work something out. The last thing you want to do is have your car repossessed. If you do then the lender will sell your car for whatever he can get, which is usually wholesale. You will then be responsible for the difference in what the lender sells the car for and the balance left on the loan. You will also be accessed repossession fees. And to add insult to injury, your credit will be ruined for 7 years. The very last resort is to allow your car to be repossessed.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
You bought a car for your fiance and now the wedding is off you need to get rid of the car Can you return the car to the dealer And how will this affect your credit?
In general, you cannot return a car to a dealer. You can sell it back to them, though. Selling it won't affect your credit.
Can you return a lease car back to dealer?
trying to lease a car but have credit bad .dealer work with me but after 3 hard credit inquiery he asking for more information about other family member the credit check took 7pts off my credit .now drop more only had car for two days been calling and txt all weekend for more information can just return the car way question and need more information
How does a reposession of a car affect your credit?
It of course effects your credit score. To learn more about your credit score visit either Experian, TransUnion or Equifax. If you can not pay for the car, the next best thing would be to return it to the dealer. Contact the lender and inform the company what you intend to do. If possible, return it back to the dealer you purchased the car from.
Can you return a used car to the dealer without it hurting your credit?
Yes, you can, if you're returing under a warranty. Warrnanties make you able to return the car whenever you want.
Why does a dealer sell you a car and then tell you to return it because your credit did not go through?
That would happen only if the dealer has extremely poor business practices.
Can I get finance from Toyota with bad credit?
Hi i think you will struggle to buy from a main dealer if you have bad credit, i had bad credit and needed a newer car, i ended up buying a newer car from rightdrive as they offered me car finance even though i had tried almost every where else.
If the car dealer misleads you car you return a used car?
No, you can not return the car.
Can you return a faulty car back to a dealer after five weeks?
You can usually return a faulty car back to the dealer, but to be repaired. You cannot return a car unless the dealer refuses to have it repaired.
Can you return a car that was purchased yesterday the dealer did not disclose the brakes are bad until after the deal was finalized a used car?
In the UK if a car is unfit for the road not only may you return the car the vendor can be prosecuted
How long do you have to return a new car to the dealer in Missouri?
Once you sign the papers, it is your car. You cannot return it unless the dealer agrees to the return.
Can you return a used car purchased from a dealer in cash?
Possibly, depends on the dealer. I run a used car dealership, and the only way I would take a car return is if there is a major problem with it. Bad motor, transmission, etc. I wouldn't do it if you just simply changed your mind.
Where can I get a decent car with bad credit?
The website Autotrader is a good place to get a car with bad credit. The way that you do it is you can negotiate the price, lease it or as long as you have a job and put half down, the dealer may let you pay the rest in payments.
