You have a used car that broke down i month after you got it you want to voluntarily repo the car but the finance company doesnt want it because it doesnt run what can you do you owe 1700 on it?

Answer 1

There is no such thing as a "Voluntary Repo". You borrow money to buy something , you owe the money period. If you turn the item over to the bank or finance company it doesn't take you of the hook. The bank or finance company will auction the car and you will still be responsible for the difference in the amount it sold for and the amount you owed, plus handling and fees. Even then you credit is still shot to He-- . It is not the finance companies problem that the car broke down . Your beef would be with the dealer you purchased it from. I suggest you continue to make your payments and work hard to repair the car so you can get some use out of it.