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- If you can't afford your car payments, you can give the vehicle back to your car loan lender12. However, surrendering the car doesn't mean that the creditor has forgiven the debt or that it has to2. If you decide you don’t want a car you just bought, many auto dealers are unlikely to let you return it, but there are exceptions3. The contract gives a person up to two days to return the vehicle provided it was driven no more than the specified mileage, the buyer has all the original paperwork, and it's in a similar condition to when it was purchased4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Voluntarily surrendering a car involves informing your lender that you can no longer make payments and intend to return it. Arrange the time and place, and keep records of when, where and with whom you dropped it off. That doesn’t mean you’re done paying, though, because there isn't a way to return a financed car without penalty.www.nerdwallet.com/article/finance/voluntary-vehic…If you can't afford your car payments, you can give the vehicle back to your car loan lender. But just because you surrender the car doesn't mean that the creditor has forgiven the debt or that it has to. (If you're giving the car back under the assumption that the creditor will write the loan off, think again!)www.nolo.com/legal-encyclopedia/i-cant-afford-car …If you decide you don’t want a car you just bought, many auto dealers are unlikely to let you return it, but there are exceptions. The easiest way to find out whether a dealer accepts returns is to ask — ideally, before you make a purchase. If it’s too late for that, being able to return the car typically depends on the dealer’s policies.www.creditkarma.com/auto/i/can-i-return-a-carThe contract gives a person up to two days to return the vehicle provided it was driven no more than the specified mileage, the buyer has all the original paperwork, and it's in a similar condition to when it was purchased. Some online used car outlets will offer money-back guarantees provided a number of requirements are met.www.edmunds.com/car-buying/unwinding-the-deal …
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WEBNov 23, 2021 · Voluntary repossession means returning your car to the lender when you can no longer afford the payments. It can hurt your credit, leave you with a balance and affect your future loans. Learn about …
WEBApr 18, 2024 · Find out why your car was repossessed, see if you can get it back — and know your rights. By Lauren Schwahn. and Claire Tsosie. Updated Apr 18, 2024. Edited by Sheri Gordon. Many or all of the...
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