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Can't Afford Car Anacortes WA

If you can't make car payments and in danger of having your car repossessed, you might have some options. Learn what you can do to save your car and your credit.

Louis Auto Glass III, Inc
(360) 424-9759
1721 E College Way
Mt. Vernon, WA
 
Vollans Automotive Inc
(360) 855-1111
487 Metcalf St
Sedro-Woolley, WA
 
Puget Sound Automotive
(360) 855-2059
304 State St
Sedro-Woolley, WA
 
Herb’s Chevron
(360) 855-9907
PO BOX 425
Sedro-Woolley, WA
 
Felton’s Auto Repair
(360) 856-2866
1419-A E. State Street
Sedro-Woolley, WA
 
SR 20 Motorsports LLC
(360) 854-7720
1152 State Route 20
Sedro-Woolley, WA
 
Countryside Chevrolet GEO
(360) 855-0321
221 Woodworth St
Sedro-Woolley, WA
 
Vern Sims
(360) 855-9730
23245 Basset Rd
Sedro-Woolley, WA
 
Pat Rimmer/Les Schwab Tire Center
(360) 855-1033
PO BOX 637
Sedro-Woolley, WA
 
North Cascade Ford
(360) 855-1551
116 W Ferry St
Sedro-Woolley, WA
 

Can't Afford Car

In a tough economy when jobs are being lost and finances are tight, it is often a struggle to make car payments. Many people find themselves in a situation in which they are behind on car payments and can no longer afford their car — or can't afford payments to buy another car (see ).

Cars are being repossessed and returned to banks and finance companies at an alarming rate. Even when people can no longer make payments and voluntarily return their cars, they find it doesn't solve their problems. In fact, it often makes the problem worse. Problems are especially acute for people with upside down loans – they owe more than their car is worth.

If you arrived at this page because you are looking for repossessed cars for sale or auction, see our article, .

To stop making payments on a car loan, or having missed a series of payments, puts the car loan in "default." The definition of "default" can vary between lenders, but it is always defined in the loan contract. It defines the conditions under which a loan goes into default and what can happen as a result.

Let's take a look at the problem and examine some possible solutions.

Refinancing your car loan or lease
Many people feel that if they could just get a little lower monthly payment, they could keep their car and continue paying off their loan or lease. One way, they feel, is to refinance their loan or lease. It seems to work with home mortgages, so why...

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