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Can't Afford Car Stony Brook NY

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.

Dependable Credit
(914) 964-9100
285 Saw Mill River Road
Yonkers, NY
 
Ameri Car Loans
(800) 219-4354
Staten Island
New York, NY
 
Kimlin Propane Co., Inc.
(845) 255-7324
PO Box 218
Gardiner, NY
 
Wilbur Duck Cheverolet
(315) 363-4600
116 Broad Street 2
Oneida, NY
 
New Paltz Auto Sales
(845) 255-2277
91 North Chestnut Street
New Paltz, NY
 
AutoLoansInNewYork.com
(518) 300-1011
Albany, NY
 
Advantage Funding
(866) 392-1300
1111 Marcus Ave #M27
Lake Success , NY
 
Team Goeway Racing LLC
(518) 782-5161
888 Troy Schenectady Road
Litham, NY
 
TriState Finance
(347) 850-2594
67 Covington Circle
Staten Island, NY
 
Liberty Auto LLC
(315) 366-0225
PO Box 296 2333 Genesee St
Wampsville, NY
 

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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