Site Map
Categories
- Auction FAQ (2440)
- Auction Videos (1946)
- Auto Auctions (29)
- Car Auctions (67)
- Cars (1056)
- Government Car Auctions (87)
- Repossessed Car Auctions (32)
- Seized Car Auctions (68)
- Useful Articles (3)
Testimonials
"I was looking for a car through AutoTrader, but decided to join Gov-Auctions.org and I bought my new car and saved over $8700"
Client: Frank T. (Buffalo, NY)
Vehicle: 2003 VW Passat
Book Value: $17,789
Purchase Price: $9,050
Savings: $8,739
"Many thanks to your team at Gov-Auctions.org. Your information was current and very helpful. Keep up the good work you guys"
Client: Chris W. (El Cajon, CA)
Vehicle: 2002 Ford Expedition EB
Book Value: $18,944
Purchase Price: $8,000
Savings: $10,944
"I didn't think it was possible to buy a reliable car for under $500. WOW! I own my car for the same price as other people's monthly payment"
Client: Cliff S. (Ft. Worth, TX)
Vehicle: 2002 Hyundai Elantra
Book Value: $9,975
Purchase Price: $475
Savings: $9,500
Find Car Auction
Recent Posts
- 1934 Ford Coupe-Streetbeasts-Headliner Installation
- Car Auction Inc-Access Seized Car, Truck,Motorcycle,Van and More Review + Bonus
- CUSTOMER REVIEW AT THE NEW JERSEY STATE AUTO AUCTION IN JERSEY CITY NJ 07306
- This Is Why Teenagers Should Not Drive
- Charity Car Auction | How To Donate Or Get Charity Car Auction Vehicles Cheap!
- Repo Business Course
- SAA-Web-90-web.flv
- Japanese Used Car Auctions Explained – Part C
- The Best Repo Car Auctions
- Japanese Used Car Auctions Explained – Part A
Resources
Find Seized Car Auctions Near You
Know Where To Buy Your Dream Car For A Low Price!
Whether It Is A Mercedes, BMW, Honda, SUVs, Trucks...
Drive Your Dream Car For 90% Below Retail Prices!
Start Looking For Your Dream Car Now!
Buying used car from dealer and then returning car back to dealer in the middle of the contract?
26th November 2010
Is it possible to return a used car back to a dealership when the car is not paid in full(Monthly Payments) and the buyer wants to get another car or wants to return the car for good if he/she is unable to pay due to unavoidable circumstances.
What is the fee to break the contract, like an estimate how much do u think it would be?
Posted in: Auction FAQ | | Comments (5)
5 Comments »
RSS feed for comments on this post. TrackBack URL
What is the fee to break the contract, like an estimate how much do u think it would be?
—
The rest of the balance you agreed to pay for the car.
Comment by alfredb1979 — November 26, 2010 @ 6:39 pm
you can return the car, but you’re going to pay a pretty big fee for breaking the contract. it’s still better than having it repossessed though.
Comment by James Dean — November 26, 2010 @ 6:39 pm
You may be able to trade in your car for another vehicle to lower your payments. Other than that the dealership doesn’t care about your not being able to make payments UNLESS you financed specifically with that dealership. Likely you will have to do a voluntary repossession.
WARNING: just because you give your car back to the finance company doesn’t mean you no longer owe them money, they can still bill you for the remainder of the account after the car is sold at auction.
Comment by billy25685 — November 26, 2010 @ 6:39 pm
the dealer is not required to agree to something like this, and probably wont unless you pay.
Comment by wg0z — November 26, 2010 @ 6:39 pm
This is considered a repossession, and you would owe the outstanding loan balance. There is a reason they make you sign a contract.
Comment by Scott H — November 26, 2010 @ 6:39 pm