Can I return my car to the dealer if I can't pay my loan?
A family emergency came up and I can't pay for my car anymore. Can I return the car to the dealer?
“The dealer isn’t the correct party to give the car to. If you want to do a voluntary repossession, you’ll have to give the keys to the lender or whoever holds the lien to your car.
Keep in mind that even a voluntary repo will hurt your credit score—it may drop by 100 points or more.
Call your lender and tell them of your situation. They may be willing to work with you on a payment plan.”
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