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How do I get out of a car loan I can’t afford?
- Renegotiate the loan. You can get in touch with your lender and work out a new payment arrangement.
- Sell the vehicle. Another strategy is to sell the car.
- Voluntary repossession. …
- Refinance your loan. …
- Pay off the car loan.
What bank owns Bridgecrest?
Additionally, it separated SilverRock Group Inc., Bridgecrest Acceptance Corporation, Carvana and GO Financial, and DriveTime. TypePrivateNumber of locations138 (2019)Key peopleThomas S. Duck, Jr. Owner and chairman Ernest Garcia IIProductsFinancing, Used CarsNumber of Employees3,800 (2018)
Can you return a financed car back to the bank?
You can return the vehicle to your auto loan lender if you are unable to make your payments on it. But just because you give up the car doesn’t mean the lender has to or has already forgiven the debt. (If you’re returning the car in the hopes that the lender will cancel the loan, reconsider!)
Can I cancel a car loan after signing?
Unfortunately, you probably can’t back out of your car loan. The Federal Trade Commission’s (FTC) Cooling-Off Law is frequently mentioned as a way to get out of a car loan if you cancel before 72 hours. However, in the case of auto loans, the FTC law specifically forbids this.