Legal Question in Business Law in Florida

I assume that you bought the car and financed the purchase. You can take the car back to the dealer - that's called a voluntary repossession. The instant you purchased the car, it went from being a new car to a used car, so any credit you get is going to based on a used car value.You might see if you can trade it in on a new, but less expensive model. The dealer, however, has no obligation to help you. None.

If you can't trade the car for a less expensive model, and you chose to leave it with the dealer, you are still obligated to make the monthly payments until the loan is paid. If you didn't finance the car at the dealer, you should contact your bank or credit union before you try to take it back to the dealer.

Good luck.