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If I buy a car with my credit can I return it?

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  • If I buy a car with my credit can I return it?


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Answer #1 | 19/12 2013 19:01
No you can't return it and get your money back. You would just have to sell it. If you wanted to save your credit.
Positive: 24 %
Answer #2 | 19/12 2013 19:02
Leasing might be less risky for you.
Positive: 18 %
Answer #3 | 19/12 2013 19:15
No, you won't get what you paid returned. You will get the trade in value of the car minus what you still owe on the car. Unless you put a large down payment then you would probably get nothing or even worse you would still owe money. A year from now the car will be worth less than it is now. Cars lose their value quickly. When you buy a car you pay full retail price, but when you sell it or trade it in you get a lot less. That's how car dealers make money. They buy cheap and sell high. A year from now you will probably still owe almost the full value of the car. Most of the money you pay during the first part of the loan term goes to interest on the loan. That's how the loan company makes money. They charge interest. The best thing is to make a large down payment and finance as little of the car as possible. Even better is just save your money and pay cash. That's what I do. My first car was a cheap used car and I paid cash. Instead of making car payments each month I saved the money in a separate account. After a few years I had enough to pay cash for a better car. And a few years later I was pay cash for a brand new car. Instead of giving all that interest money to the loan company, I keep it for myself.
Positive: 10 %
Answer #4 | 19/12 2013 19:24
You're dreaming. You get a loan for a car and you HAVE to pay it off. If you fail to pay and the car gets repossessed, you not only lose all the money you put into it, but you are still responsible for paying back the loan. There is no right to return a car after the sale.
Positive: 10 %
Answer #5 | 19/12 2013 19:41
I don't think you are ready emotionally and maybe even intellectually to deal with a automobile loan.
Positive: 10 %
Answer #6 | 20/12 2013 00:32
Lol. -- My thoughts exactly. In the real world, you don't get a free car rental.
Positive: 10 %
Answer #7 | 20/12 2013 01:14
You don't have good credit from buying a phone. And you cant return a car. If you did, it might reflect badly on your credit and they could in the worst case, sue you & garnish your wages over the amount owed.
Positive: 10 %
Answer #8 | 20/12 2013 09:47
There is no such thing as a return policy on a car purchase. In order to buy any car you must sign a contract obligating you to fulfill the repayment requirements of the loan. A car isn't a pair of shoes that don't quite fit or a TV that is too big for your room. You can't return a car. You can sell it, you can trade it in but you cannot return the car. Any attempt to return the car would be considered by the lender as a voluntary repossession and it would destroy your credit and you'd still be obligated to pay off the loan balance after the car is sold at auction.
Positive: 10 %

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