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Can't Afford Car Lebanon MO

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.

AutoLoansInMissouri.Com
Jefferson City, MO
 
Chouteau Auto Mart 1
(816) 454-6002
3933 N Chouteau Trfy
Kansas City, MO
 
Jack Miller Auto Credit
(816) 474-8222
3100 Burlington St
Kansas City, MO
 
Concourse Auto Sales
(314) 337-1450
7125 Manchester Ave.
Saint Louis, MO
 
Bank of America
(417) 532-3184
104 N Jefferson Ave
Lebanon, MO
 
Premium Financing Specialists
(816) 627-0500
427 W 12th St
Kansas City, MO
 
Kwik Auto Finance
(816) 358-7444
6632 Blue Ridge Blvd
Kansas City, MO
 
Ardmore Finance
(816) 221-1393
107 E 10th St
Kansas City, MO
 
Jet Loans Inc
(417) 532-3901
1522 W Elm St
Lebanon, MO
 
Great Southern Bank
(417) 532-9168
528 S Jefferson Ave
Lebanon, MO
 

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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