What happens if you return a car back to the dealer,but you owe 1309.29.That I would pay.?

Question

What happens if you return a car back to the dealer,but you owe 1309.29.That I would pay.?

Answer 1

If you plan to pay the balance anyway, just pay it off and sell it if you don't want it.  That would be far better than having a repossession on your record.

Answer 2

well it depends some dealers actually let you return without paying this but chances are you would probably have to pay it.

Answer 3

yes, you would pay it.   Why in the world would you get a repo over $1300?  You can sell almost any car for that much and protect your credit.

if you "give it back" its a voluntary reposession.  The car will be sold at auction.  whatever they get is deducted from your loan balance.  You are still on the hook for the rest, plus tow fees, repo fees, storage, and other fees.

Sell it yourself, or find a way to pay for it.  Dont s***w your credit for 7 yrs over 1300