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Can't Afford Car New Smyrna Beach FL

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.

Lydia Cladek, Inc
(888) 386-2514
108 SeaGrove Main Street
St. Augustine, FL
 
United Quest Financial, Inc
(305) 576-2040
4300 Biscayne Boulevard Ste 103
Miami, FL
 
Auto Credit of Florida
(904) 387-9800
4545-3 Shirley Ave
Jacksonville, FL
 
AutoLoanInFlorida.com
(850) 332-0258
Tallahassee, FL
 
Southern Automotive Finance - SAFCo
(800) 215-9406
2901 W Oakland Park Bulevard A23
Fort Lauderdale, FL
 
Service Finance
(866) 336-1504
1956 NE 5th Avenue Suite 8
Boca Raton, FL
 
Mid-Atlantic Finance
(800) 793-9661
15500 Lightwave Drive Suite 201
Clearwater, FL
 
AFS Acceptance LLC
(877) 223-3254
101 NE 3rd Avenue Suite 2000
Fort Lauderdale, FL
 
Equity Auto Finance
(800) 683-1095
2718 W. Oakland Park Bulevard
Fort Lauderdale, FL
 
Mark One Financial LLC
(877) 862-4240
PO Box 17038
Jacksonville, FL
 

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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