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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.

AutoLoansInNewYork.com
(518) 300-1011
Albany, NY
 
Hans Auto Service
(845) 255-8130
251 Route 32 North
New Paltz, NY
 
Ameri Car Loans
(800) 219-4354
Staten Island
New York, NY
 
Credit Car Loan Now
(315) 235-8369
5056 Commercial Dr
Yorkville, NY
 
Raizman Auto, Ltd.
(845) 691-9800
389 Route 299
Highland, NY
 
Dependable Credit
(914) 964-9100
285 Saw Mill River Road
Yonkers, NY
 
Acrylic Designs Inc
(315) 361-1116
2365 Genesee St
Canastota, NY
 
Team Goeway Racing LLC
(518) 782-5161
888 Troy Schenectady Road
Litham, NY
 
Credit4Wheels.com
(866) 34D-RIVE
93-25 Rockaway Blvd
Ozone Park, NY
 
Chestnut Petroleum Distributor, Inc.
(845) 256-0162
536 Main Street
New Paltz, 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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