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by tcbtom on December 2nd, 2009
If you give back the car it is a voluntary repo. You will not have to make the payments anymore but you will have to pay off the balance after they sell the car at auction.
Is there a tax deduction for lease payments?
by Answerbag Staff on July 7th, 2010
| 1 person likes this
I cAN'T AFFORD MY CAR PAYMENTS ANYMORE AND I WANT VOLUNTAIRY GIVE BACK THE CAR, WILL I STILL HAVE TO CONTINUE TO MAKE THE PAYMENTS? WHAT COULD I DO TO GET OUT OF THIS? I AM SO STRESSED OUT AND I HAVE OTHER BILLS TO TAKE CARE OF BESIDES THE CAR!
by renee on October 19th, 2009
| 1 person likes this
Are car payments deductible on your taxes?
by Answerbag Staff on June 3rd, 2010
| 1 person likes this
My daughter needs a car. She was in an accident thaat totalled hers. She works hard but her credit is not good from past mistakes. She has not been able to secure financing. Does anyone have any suggestions for her?
by Anonymous on September 26th, 2009
| 2 people like this
What if I can't afford my car payments?
by Answerbag Staff on May 4th, 2010
| 1 person likes this
You're reading I cAN'T AFFORD MY CAR PAYMENTS ANYMORE AND I WANT VOLUNTAIRY GIVE BACK THE CAR, WILL I STILL HAVE TO CONTINUE TO MAKE THE PAYMENTS? WHAT COULD I DO TO GET OUT OF THIS? I AM SO STRESSED OUT AND I HAVE OTHER BILLS TO TAKE CARE OF BESIDES THE CAR!
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Comments
I think that is correct. I knew a lady at work that tried to take the care back and they wouldn't take it. She drove it until they came and got it. You would have to pay off the balance after they sell it at auction. You could also file bankrupcy. Then you might be able to keep the car if that is your only car. You could contact a not for profit credit counselor to see what they say.
by jaydos on October 21st, 2011