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What happens if you take your Acura ILX back to the dealership six months after buying it?
"I bought an Acura ILX six months ago. The payments are now stretching my budget far too thin.
Can I take the car back to the dealer? What happens if I do?"
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“You can’t return a car to the dealer simply because of buyer’s remorse or costly payments.
If you do, this is known as a voluntary repossession. It will have a devastating effect on your credit—the same impact that an involuntary repossession would have.
Before you decide to hand the car over, you might want to shop around to see if you can refinance the vehicle. If you have decent credit and income, you might be able to lower your monthly payments enough to fit your budget.”
View full answer
- Gregory R.
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