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How to return a vehicle to the dealership?

Is it possible to trade out the vehicle for another one? Can I return the vehicle and negotiate out of the purchase contract? Is it legal to sell it for cash then pay off my contract with the profits I made? I would really appreciate constructive suggestions.

Update:

We owe $2950 on a dodge van. I don't know the year '98?. Our payments are $250 a month. It is not a very economical vehicle. It gets about 8 miles to the gallon. I am not trying to shirk a financial responsibility by ignoring a loan. I want a legal way to improve this situation. Its financed through the dealership, so I think they have final say. I just wanted some options. If I sell it for cash & pay off the dealership how long before I receive the title so I can give it to the new owner?

Update 2:

Um I don't know were you are K but around here there are a lot of used car dealerships and the starting price for my van is about $8000, written on the windows for anyone to see. The question is how CAN I IMPROVE the situation? I can't stand for people like you to say "throw money at it" as an answer. Its painfully obvious that you no NOTHING about the kelly blue book value of this vehicle in my area. The only correct response you could have given me was "I don't know."

Update 3:

Um Morons, I am not asking how to re-finance or finance or how to renegotiate or default on a loan. I no longer want this vehicle. I no longer want $250 payments for it. Please read the questions before blathering inanities.

6 Answers

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  • 1 decade ago
    Favorite Answer

    yes.

    no.

    yes.

    you dont state why you want out of the vehicle you have.

    of course you can always trade out of it and of course you can always sell it and then pay off the loan.

    there is no legal way to negotiate out of the loan aggreement. once you sign your name to the loan contract you are legally bound to repay the loan.

    things to consider....how much do you owe on the car and what is its value. if you owe lots more than what its worth you are considered "upside down"......you have whats called negative equity. this usually makes it alot harder to trade out of a vehicle.

    good luck.

  • L
    Lv 7
    1 decade ago

    Just pay the $2950 next month. Once you have it paid off, try to sell it. I highly doubt anybody will buy it since it gets such terrible gas mileage (Lamborghinis get about the same fuel economy) and is a 10 year old Dodge.

    I would suggest trading it in for another car. You will take whatever you get for it (I wouldn't expect any more than $1000) and pay off the loan to whomever you owe. I don't know how long it will take for a title to arrive in the mail because that depends on a few things.

    You cannot negotiate out of the contract price. Refinancing a $3000 loan would be very silly. I suggest you just pay the $2950 next month and get rid of the debt. Selling it will be almost impossible in this market so I suggest you trade it in for a used car that you won't need to finance.

  • ?
    Lv 4
    5 years ago

    You do not need three days a lot much less 3 hours to difference your brain. Once you've gotten signed the entire forms on the trader and the mortgage is authorized, it's your vehicle. If, by means of risk, you've gotten but to signal the financing and buy files, you MAY be capable to get out of the deal. I truthfully marvel why folks consider they may be able to make a deal, signal the entire papers after which come to a decision to difference their brain. The attention must be performed BEFORE shopping. I do not purchase the "I felt harassed" rubbish both. It is an excuse for being unwell all set and attempts to shift the blame to the trader. If you consider for any cause the deal isn't correct, you cannot find the money for it or some thing.....stroll away. Plain and realistic.

  • Anonymous
    1 decade ago

    Understand that the dealer is under no obligation to deal with you. You cannot return the vehicle to the dealer and re-negotiate your deal. You signed a contract and you are bound by the terms of that contract. You might be able to trade the vehicle in on something else, but I'm willing to bet you'll lose some big money on it and you'll end up with a higher payment than you have now.

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  • ?
    Lv 7
    1 decade ago

    You will be paid off in little more than a year. Suck it up and drive it carefully until it is paid off and then sell it. And no van should be getting 8 MPG. Something is broken. Like the fuel pressure regulator, making it run really rich and wasting gas.

    Or take it to a dealer and trade it in. It is likely they might give you what you owe and nothing else. Maybe even a bit less and you will have to make up the difference. But you will not have the payment any more.

  • Anonymous
    7 years ago

    I'm confident that you will find every financial solution at= loandirectory.info-

    RE How to return a vehicle to the dealership?

    Is it possible to trade out the vehicle for another one? Can I return the vehicle and negotiate out of the purchase contract? Is it legal to sell it for cash then pay off my contract with the profits I made? I would really appreciate constructive suggestions.

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