Vehicle Finance
June 23rd, 2007 | 
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Question: How can I get out of my current auto loan and return the vehicle to the Finance Company?
the vehicle is small and we can not keep it, we need a larger car even if it is used. can anyone help?
Answer: Its called a voluntary repossession , and its murder on your credit report. Why wouldn't you trade the car or sell it ? If the answer is that its worth less then you owe , you can try to trade it on a domestic car with some large rebate programs. Dealers can use the rebate money to help absorb your negative equity. If you do this , you must commit to keep the car for a longer period of time. FYI... Finance Companies are not in the car business. They are in the Finance Business and will not just let you out of a note because it suits you.
Bank of Scotland Vehicle Finance / Lex Grace Kelly Video
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