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    lsalabarria's Avatar
    lsalabarria Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 11, 2008, 04:58 PM
    Repo car
    I no longer working and I have a financed veh for 1 yr now. I can't afford the monthly payments. Also the transmission is going on the car. And my warranty has ended in July 08. What should I do about the car. I wanted to return it to the dealer I got it from but I just don't want to owe anything on it.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Sep 11, 2008, 05:00 PM
    Sorry, but that's a no go. If you return it to the dealer you will still owe the balance of the loan. Your best bet is to try and sell it, or see if the loan is assumable. You can then get someone else to take over payments.
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