IF you buy a car on credit what options do you have for returning the car and cancelling the credit?

Question

I am in the USA

Answer 1

little to none

Answer 2

NONE.  You can SELL the car and owe the difference between what it sells for and the balance of the loan.  Unless you arrange with the lender in advance, you must pay of the ENTIRE loan when you sell the car.

Lisa W:  The car does not depreciate once you take it of the lot.  It depreciates as soon as you sign the paperwork.  Actually moving the car is not necessary.

Answer 3

You don't.  Once you sign the contract, your are committed.  There are no 3-day cooling off periods that allow you to undo the deal.

Make sure you can really afford that deal before you sign.  Don't let a car dealer pressure you into signing right away.  Take time to think it over.  Shop other dealers to get a better deal.

Answer 4

You can return the car and pay the difference (since cars depreciate once you take them off the lot) to pay off the loan.

Answer 5

LOL.  It's not a shirt!

You don't.  You can sell it back, but you won't get what you owe.