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You signed a contract and drove it. It is not new anymore.

Returning it would be a voluntary repossession and you would probably owe several thousand dollars. Yes, it would hurt your credit.

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16y ago

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How can I purchase a car from a car dealer with no credit history?

To purchase a car from a car dealer with no credit history, you can consider getting a co-signer with good credit, making a larger down payment, or exploring alternative financing options such as a credit union or dealership financing programs for buyers with no credit history.


Where can I find a bad credit car dealer near me?

You can find a bad credit car dealer near you by searching online, checking local classified ads, or asking for recommendations from friends or family members. These dealers specialize in helping individuals with poor credit obtain financing for a vehicle.


How can I get cheap car payments?

To get cheap car payments, you can consider buying a used car instead of a new one, negotiate the price with the dealer, shop around for the best loan rates, and make a larger down payment to reduce the monthly payments.


Is the American stock exchange a dealer market?

The American Stock Exchange is a legal dealer market. Goods and pieces of companies are traded, bought, and sold everyday.


Can you get a loan with a satisfied judgment on your credit report?

Depends on the bank, what the loan is for, and on your overall credit score. Wait a few weeks, check your credit rating, and then - carefully, have your mortgage broker or car dealer check your credit for you new purchase. But their search will make a "hit" on your score, so be sure you use a broker that is aware of your full credit history and may not really need to check it; or that the car dealer you are working with is the one you are going to stay with.

Related Questions

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.


If your car is repossessed by a 'buy here pay here' dealer does it affect your credit?

Only if the dealer reports it to the credit bureaus.


When you go to a car-dealer ship do they run your credit as soon as you walk in?

no, they will only check your credit when you purchase a car, they want to make sure that you are able to meet their payments.


What are the disadvantages of auto financing with bad credit?

Having bad credit tells the bank and car dealer that you are a high risk. If you have late or missed payments you'll be charged higher fees and interest charges.


i have 2 cars bought at different time not on same contract they are both late on payments but they are refusing to take payments on one car if i dont make payment on both can they do that?

It depends on your contract and if it you bought both cars from the same dealer, for further information you could consult an attorney to get a perspective from a legal standpoint.


Can a car dealer sue you for taking a car out of state?

I bought a car in Texas, then moved out of state, I still made payments, but not I'm behind. I intent to start paymants up again, but now the dealer is saying that he is going to sue me, Can he?


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.


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.


What do I do if I can't afford the payments on my motorcycle anymore?

There are many ways to pay for the motorcycle--sell it to a friend. Talk to the dealer. Whatever you do, don't just quit paying and ruin your credit.


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.


Will loan payments on a car start as soon as you get the loan?

It Typically begins 45 days fo the day you purchase your new or pre-owned vehicle. In some instances, depending on your dealer, & your credit stability Payments may be put off up to 90 days.


A dealer is running an ad for 299.00 to lease an Explorer If you are upside down on your current loan and trade the car in how would this affect the advertised lease payment?

The advertised lease price is usually only for well qualified buyers. Check the fine print out. Well qualified usually means those with great-excellent credit ratings. The best person to answer this question would be the dealer that is advertising the car. They can give you more information about how much you would get for your trade in and how it would affect your payments.