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?"
“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.”
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
"Will I regret canceling my non owners policy? "
I have had a non owners policy for the past five years. I want to cancel the policy to save money, but I was told that if I do buy a car later on, my insurance will be much higher since I would have a lapse of coverage. What should I do?
May 06, 2021
Does your employment status matter when you're applying for a car loan?
I know banks and other lenders care about things like my credit score, but what about my employment status? Does that matter to them?
Mar 12, 2021