Legal Question in Consumer Law in Hawaii
auto return
I am giving my vehicle back to the dealer because I cant' afford it any longer. Do I just take back or is there any paperwork I need to have done?
2 Answers from Attorneys
Re: auto return
Returning a vehicle is one of the most disasterous moves you could ever make in your life. In most cases the lender will sell the car at auction at a huge loss, and you'll remain liable for the balance, plus repo, storage and legal fees. In many cases the amount you owe may increase and you won't have the car. Additionally, this will be listed as a repossession on your credit.
Unless the lender is willing to sign paperwork to accept the return of the vehicle as payment in full, look for other smarter options.
Re: auto return
You can take the car back, but unless there was a termination clause in the contract between you and the dealer, you are stuck with the deal.
Related Questions & Answers
-
Uncashed check a store has not collected for a personal check that I wrote for a... Asked 2/24/07, 1:56 am in United States Hawaii Consumer Law
-
Collections or Creditor If an account has been turned over to a collection... Asked 11/20/06, 7:57 pm in United States Hawaii Consumer Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
