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Can't Afford Car Poulsbo 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.

Red-Head Steering Gears, Inc.
(206) 364-3333
900 N. 127th
Seattle, WA
 
Toyota of Seattle
(206) 382-4300
2121 8th Ave.
Seattle, WA
 
Dollar Rent A Car
(206) 381-1323
1900 Boren Ave.
Seattle, WA
 
RapidCarLoans.net
(206) 000-0000
17th Street
Seattle, WA
 
AutoLoansInWashington.com
(360) 489-6000
Olympia, WA
 
Lynnwood Body Shop
(425) 776-0221
19230 Hwy. 99, Ste. 110
Lynnwood, WA
 
Honda of Seattle
(206) 382-8800
1015 Olive Way
Seattle, WA
 
Budget Rent-A-Car
(206) 682-8989
801 4th Ave.
Seattle, WA
 
Phil Smart, Inc.
(206) 324-5959
600 E Pike St.
Seattle, WA
 
SR 20 Motorsports LLC
(360) 854-7720
1152 State Route 20
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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