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Can't Afford Car Fort Morgan CO

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.

Universal Special Auto Finance
303-773-44200
5690 DTC Blvd. Suite 340W
Greenwood Village, CO
 
Stan's Auto Sales
(303) 650-1011
7192 Newton St.
Westminster , CO
 
Transwest Trucks, Inc.
(303) 289-3161
7626 Brighton Rd.
Commerce City , CO
 
Go Honda 104th
(303) 438-6109
2999 W 104th Avenue
Westminster , CO
 
Cycle City Auto Pawn Inc
(719) 597-9797
3345 Chelton Loop North
Colorado Springs, CO
 
AutoLoansInColorado.com
(720) 292-1226
Denver, CO
 
Boulder Toyota
(303) 443-3250
2465 48th Court
Boulder , CO
 
Medved Chevrolet
(303) 421-0100
11001 W. I-70 Frontage Rd. North
Wheat Ridge , CO
 
R.D. Motors, Inc.
(303) 232-2303
8200 W. Colfax Avenue
Lakewood , CO
 
Massa Auto Pawn
(719) 391-7296
2610 Delta Dr
Colorado Springs, CO
 

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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