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Can't Afford Car Yakima 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.

AutoLoansInWashington.com
(360) 489-6000
Olympia, WA
 
Bucky's Muffler, Radiator & Brakes
(253) 473-3773
4802 Pacific Ave
Tacoma, WA
 
Northwest Tinman
(360) 856-4279
307 W State St
Sedro-Woolley, WA
 
Toyota of Seattle
(206) 382-4300
2121 8th Ave.
Seattle, WA
 
Shaub-Ellison Co., Inc
(253) 272-4119
1117 Broadway Plaza Ste 500
Tacoma, WA
 
Mike & Son Auto Sales Inc
(360) 855-1974
203 Ball St
Sedro-Woolley, WA
 
Robert Larson's Automotive Group-Robert Larson's Autohaus (Volkswagen)
(253) 474-0651
7633 S Tacoma Way
Tacoma, WA
 
Lynnwood Body Shop
(425) 776-0221
19230 Hwy. 99, Ste. 110
Lynnwood, WA
 
Protech Automotive
(360) 855-2185
809 Puget Ave
Sedro-Woolley, WA
 
North Cascade Quick Lube
(360) 855-0418
205 Township St
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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