If you have a car that's too expensive for you to pay for can you turn it in for a cheaper car without paying any penalties?

Cars & Vehicles
Auto Insurance
Repossession

NO, there will be a penalty in some form all the time for bad decisions. It could be higher interest rates, bigger down payments, ect., but there will be a penalty.

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How can you return a new car that you have had for only two weeks without penalty?

Once you sign the papers, it is yours as soon as you drive it off the lot. You cannot return it and you cannot simply give it to the bank and get out of the loan - that is called voluntary repossession and it will hurt your credit. Sorry, there is no good news for you. The only thing you can do i...

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If you fail to pay a car payment do you legally have to pay it anyway?

Its a binding contract and after enough finance charges and slams to your credit Im pretty sure they would repo it? So I would say yes, considering you signed up to make payments on it they expect it and the Bank/Loan Agency Expects their money back in anyway

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Is it possible to trade-in a car that is subjected to a repo for missed payments if you now have the money to pay those payments?

As a rule, ANYTHING is POSSIBLE. IF you are willing to pay the price. Dont make any false statements in writing.

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Do you have to pay for a car if it is repossessed?

The bank will sell yours at auction. Whatever they do not recoup, you owe the difference.

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Trade in an expensive car for a cheaper car?

If you will trade an expensive car for a cheaper one, make sure that the cheaper car is in good condition and the trader of the expensive car should pay exact amount of money for the expensive car.

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Do you have to pay for a car if it gets repossesed?

Yes, if a leinholder reposessed a vehicle from a person that owes a debt. then that vehicle is taken to an auction and the person it was reposessed from must pay difference. If the amount owed is $12000 and the leinholder sells it at an auction for $8000 the previous owner must pay the $4000 diff...

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If you believe the settlement offered for a car that was totaled is too low can it be questioned?

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If you want to get rid of your car for a cheaper one but owe too much what options other than repo do you have?

SELL the car for all you can get and beg,borrow,steal the difference so you can pay off the loan. THAT will keep the repo off your CR. Good Luck

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Can you have a car that is not yours towed off your property in Maryland without the title or registration or expense to you?

I don't know about your state but call the police and a local wreacker company or salvage yard tell them it is not yours and you want it gone the police can run the vin to see who Owens it it may have been stolen

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Can you trade in your expensive car which you own outright for a cheaper car and get money back?

You never get what a car is worth on a trade in. Get the blue book value of your car. Then, sell it outright and take the money to get a cheaper car.

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If your car is repossessed do you still have to pay for it?

The vehicle will be sold at auction, the proceeds will be applied to the loan and to the repo fees, then you will still be responsible for any remaining amount owed to the loan.

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Do you have to pay for car insurance if you don't have a license Do you have to pay for insurance if you don't have a license in the state of Alabama?

There are a few considerations:

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If you have a lease and can't pay any more and you are late a couple of months on top of that what will happen if you turn the car in?

Read your lease. it should addrewss what will happen if you turn it in before the lease is up. Likely you WILL have to pay.

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How can you trade in a car that is 2 months old for something cheaper?

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Do lenders take cars back if a consumer advises in good faith that they can not pay for it?

Unfortunately, no they won't. If you hand your car back before making the final payment (installment) on the loan the bank will class you as a bad debt. This will mean that most high street banks will refuse you credit in the future. However, you may be accepted by 2nd tier finance companies but ...

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If you voluntarily turn in a car that's has never reported on your credit file can they file it against you once you turn it in?

I am no attorney and laws on this subject differ widely from state to state. However, from personal experience I can tell you that, in general they can and they will. Some states do not allow a company to actually PHYSICALLY repossess your vehicle, but they won't tell you that when they 'come to ...

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If a claim was filed 3 years ago but you were unable to pay the deductible is it too late to have the car repaired now?

yes, it sounds as if this is too long to wait.

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What is the penalty for too many passengers in a car?

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Do you have to pay for inspection if you fail?

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If you pay for a car in cash is the price usually cheaper than the sticker price?

The sticker price is either for cash or financing. The car company doesnt care if u give them cash or the bank gives them cash. It is easier to negotiate when paying cash tho

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Is it better to turn your car in that to have it repossessed?

It will still show up as a repo on your credit report, even if you brought the car back and told them you can't pay for it.

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If you have nowhere to put a nonconsensually towed car and don't wish to pay for it can you simply sign the title over to the tow company?

You certainly can.another answer.It's better to sell it first.

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Do you still have to pay for a car that is repossessed?

Even if your car is repossessed and later sold at auction, you might not be off the hook.If your car sold at auction for less than what you owed on the loan, you must still pay the remaining balance to your lender.If you do not make those payments, your creditor can sue you in court.

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If you hit a road barrier in a car crash. Would you have to pay for the barrier?

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What can i do if someone took my vehicle with out paying for it?

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Can you repossess a car if it is at a repair shop getting fixed and they have it sitting outside waiting for the debtor to pay there bill?

NOT LEGALLY...however you wouldn't be the first to do it. That's why most repair shops have fences for storage. The shop is legally entitled to its repair charges. Why not just let the LENDER pay the repair charges and then get the car?? That's how its supposed to work. Email me if you have more ...

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If you have a car fixed and cant pay right away can they sell it at a police auction without giving you reasonable notice?

yes they can sell yo whip to da po po for da lo lo

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If you call in a voluntary repossession do you have to keep paying on the car until its picked up?

If it drives, take it to the finance company and hand them the keys.

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How much is it if you get in an accident and you have to pay?

That would depend on the damge done and many more factors.

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In New York, the law gives you 3 days to change your mind. Just go in and tell them that you don't want the car.

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How Can I Get I return a Car ti a Dealer if I find that I cant pay for it?

You cannot simply return the car. You can voluntarily have it repossessed which is a horrible choice. When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are establis...

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If you have a car loan can you switch that over to a different car and if so do you have to pay another downpayment and have your credit checked?

What are you planning on doing with the old car? Giving it back? The bank/lender won't take it back. Banks never do, and if it's a car dealership they will buy the car back from you at a very low price (i.e. black/bluebook price). I mean low compared to what you could sell the car for privately, ...

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If my co-signer for a car loan dies. Do I still have to pay for it?

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This is America and people sue over everything, unfortunately. Why not just turn in the car. YOu signed an agreement and reneged on that agreement so be a big person and turn it in. Then you dont have to look over your shoulder everyday. Yes, they can, turn it over to the prosecutors office, then...

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The vehicle can be repossessed.

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When you turn the ignition in your truck you cant get any electrical controls' to work its' like you don't have any power anywhere?

cheeck out the fuse box.....

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Can you trade in your car without having a job?

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Can cars that you drive in be any color?

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Is this in a Ford? LOL have to take column apart and replace the ignition tumbler assy

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Can you junk your car without having the title for it?

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Is a used car dealor responsible to pay for problems that arise on an automobile if you just purchased it two days ago?

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You could be fined, towed, or even both.Added: It is a local or state statute or ordnance. In some jurisdictions the monetary fine is hundreds of dollars.

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Can you trade in a used car for a cheaper vehicle in order to lower your monthly payments?

yes you can. yes you can. yes you can.

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Do I have to keep paying for a car that has been reposed by a bank if I surrender it to the bank in which is carring the loan?

The bank will sell the vechile, u will be responsible for the difference between what they sell it for and what you owe . plus any interest and penalties.

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If you sign a promisary note with a car dealership And you decide not to pay because they sneaked in gap insurance can they send it to collections?

You are obligated to the terms of the promissory note. You probably signed the contract stating that you had read and agreed to the terms of the contract.

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It is illegal to: Lend your placard to another.You park at a parking meter that is close by and hang the disabled placard from the rearview mirror without paying the meter.This is legal and you don't have to pay the meter because the person whom the placard has been issued to is in the car with you.

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