2007-02-07 01:53:09 · 4 answers · asked by board bunny 1 in Cars & Transportation ➔ Buying & Selling
Not unless the dealership is the one that you are making the payments to.
You can voluntarily give up the vehicle to the lender, but it will go against your credit & you may still owe more on the vehicle than its actual value.
You will still be liable for the deficit.
2007-02-07 01:59:49 · answer #1 · answered by Vicky 7 · 1⤊ 0⤋
Unfortunately, no. There is no way to give it back to the dealership because they've already been paid for that car by the bank. You would have to give it back to the bank that is financing your loan, and that is also known as a "Voluntary Repossession".
Your credit would go to filth and be ruined for almost 10 years.
2007-02-07 09:58:07 · answer #2 · answered by rob1963man 5 · 0⤊ 0⤋
You could sell it back, if the dealer want to buy it, but if you owe more than they are willing to pay then you would still owe that ammount and it would be due when you sold the vehicle. You could sell it private party but same rules apply if you dont get enough money to pay off the loan.
2007-02-07 11:13:39 · answer #3 · answered by Confused 3 · 0⤊ 0⤋
if you were going to do that you should have just leased it
2007-02-07 14:20:45 · answer #4 · answered by Anonymous · 0⤊ 0⤋