How to Give a Car Back to a Finance Company
- 1). Go through your car to make sure you have removed all of your possessions. Look in the glove compartment and under the sun visor. Remove any important documents or paperwork as well as your other personal belongings.
- 2). Call the lender and speak with a representative in the collection department and let him know you wish to return your car. Work out arrangements for returning the automobile with the lender. The lender provide you with a location to take the car.
- 3). Prepare a document that lists the condition of the car including the mileage. Have the representative that takes possession of the car sign the document so that you have proof that the car was returned. You could also ask the lender to prepare some type of paperwork to confirm you returned the automobile.
- 4). Find out all of the particulars. Ask the lender what will happen. The lender will explain all of the consequences and attempt to sell the automobile at an auction to the highest bidder. You could be responsible for any remaining balance. If you don't pay the outstanding balance there is a chance that a lawsuit could be filed against you.
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