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Can't Afford Car Oak Harbor 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.

Courtesy Auto Group
(360) 385-0145
14082 Airport Cut-off Road
Port Townsend, WA
 
Circle and Square Auto Care
(360) 385-2070
10953 Rhody Drive
Port Hadlock, WA
 
AutoLoansInWashington.com
(360) 489-6000
Olympia, WA
 
Budget Car & Truck Sales
(509) 882-4800
101 Stover Road
Grandview, WA
 
Stroud's Auto Rebuild, Inc
(253) 474-0709
3833 S Tacoma Way
Tacoma, WA
 
Louis Auto Glass III, Inc
(360) 424-9759
1721 E College Way
Mt. Vernon, WA
 
Satch Works Inc
(360) 379-0706
670 Nesses Corner
Port Hadlock, WA
 
Louis Auto Glass III, Inc
(360) 424-9759
1721 E College Way
Mt. Vernon, WA
 
Bucky's Muffler, Radiator & Brakes
(253) 627-8267
603 S Sprague Ave
Tacoma, WA
 
Maple Leaf Motors
(253) 475-7695
7035 S Tacoma Way
Tacoma, 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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