Can I hand my car back if I can no longer afford the monthly finance payments?

  • 📰 whatcar
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Can you hand your car back if you can no longer afford the monthly finance payments? 🤔 Find out here:

then you’re allowed to hand it back to the finance company if you have already paid off 50% of the loan, including any interest and fees. This is known as voluntary termination.

However, you can trade it in with a car dealer because most major dealer groups have the ability to settle the outstanding finance on a car for you. The dealer will ask your current finance company for a settlement figure and factor the cost of this into a new finance agreement on another vehicle.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 554. in BR

Brasil Últimas Notícias, Brasil Manchetes