Quick Answer: Can You Return A Car To The Dealer??

Dealer return policies

If you buy a car from a dealer that explicitly allows returns, you’ll typically be able to take the car back as long as you follow the terms of the policy.

Policies may restrict this to a certain time period (seven days, for example) with certain mileage limits.

How do I return a car I can’t afford?

What To Do If You Can’t Make Your Car Payments

  • Modify Your Auto Loan. “One of the best options if you can’t make your payment and are in fear that you’re going to default is to call” your lender, Jones said.
  • Refinance Your Vehicle Loan.
  • Trade In Your Car.
  • Let Someone Assume Your Loan.
  • Sell Your Vehicle.
  • Turn the Keys In.
  • Let Your Car Be Repossessed.
  • File for Bankruptcy.

What happens when you surrender your car?

In voluntary repossession, you return your vehicle to your lender when you are unable to make payments. You inform your lender that you will not make payments going forward and that you want to surrender the car. In other words, your lender can take (or “repossess”) the vehicle and sell it if you stop making payments.

How much does a voluntary repossession affect your credit?

Voluntary surrender and repossession are both loan defaults, which stay on your credit reports for seven years. That type of negative mark will harm your scores, especially your automotive-specific credit scores. Next time you apply for a car loan, you’ll likely be deemed high risk and charged very high interest.

Photo in the article by “Wikimedia Commons” https://commons.wikimedia.org/wiki/User_talk:Eddaido