Credit

Asked by Jul 02, 2017 at 02:21 AM about the 2010 Audi A4 2.0T FrontTrak

Question type: General

I have a car that I am still paying for. It needs
expensive repairs and I want to know how it would
affect my credit if I return it? I CAN still make the
monthly payments; however, it is too expensive to
fix. I rather just give it back.

4 Answers

251,575

You just can't give a vehicle back. A dealer or someone will buy it off you, but for much less than it is worth so they can fix it and resell it. You will avoid the repairs, but still be stuck for the remaining amount of principal. Ex. You bought the car for $20000, it's needs $5000 to fix, you owe $15000, someone buys it for $10000, and your stuck with paying $5000 and not have a vehicle.

1 of 1 people found this helpful.
50,855

You CAN just give it back, but that would be a dumb thing to do for the reasons Tom gave.

1 of 1 people found this helpful.
69,555

If you stop paying on it a voluntarily turn in the vehicle it still reports as a repossession on your credit report. When you bought the vehicle you signed a legal and binding contract with the lender saying that you agreed to pay for the vehicle. It's not the lender's fault the vehicle broke down. If you're close to having it paid off, just trade it in. The money you owe will be added to the loan for the new vehicle. That's the only downside. But if you owe less than the repair will cost, you still come out ahead in the end. HTH. -Jim

22,965

the loan is through a bank- just let them repossess the car- they will tow it away- ANYTHING! anything is better than being stuck with a used Audi- your credit will come back in 7 years but owning an Audi will break the bank forever- why can't the word get out on Audis?!

Your Answer

A4

Looking for a Used A4 in your area?

CarGurus has 680 nationwide A4 listings starting at $3,900.

Postal Code:

Audi A4 Experts

  • #1
    Deathjam4
    Reputation
    3,570
  • #2
    lukeyramone
    Reputation
    540
  • #3
    Tom Demyan
    Reputation
    470
View All

Related Models For Sale

Used BMW 3 Series
142 Great Deals out of 1,895 listings starting at $2,995
Used Audi A6
4 Great Deals out of 154 listings starting at $4,500
Used Audi A5
9 Great Deals out of 216 listings starting at $13,900
Used Audi S4
7 Great Deals out of 179 listings starting at $9,495
Used Audi A3
13 Great Deals out of 149 listings starting at $3,995
Used Mercedes-Benz C-Class
140 Great Deals out of 1,504 listings starting at $2,900
Used BMW 5 Series
27 Great Deals out of 537 listings starting at $3,800
Used Honda Accord
65 Great Deals out of 1,093 listings starting at $1,200
Used Ford Mustang
11 Great Deals out of 1,189 listings starting at $2,995
Used Dodge Charger
79 Great Deals out of 812 listings starting at $1,999
Used Chevrolet Camaro
785 listings starting at $12,995
Used Audi Q5
54 Great Deals out of 402 listings starting at $12,688
Used Audi A8
33 listings starting at $7,995
Used Mercedes-Benz E-Class
39 Great Deals out of 502 listings starting at $3,900
Used Honda Civic
301 Great Deals out of 3,986 listings starting at $1,494

Used Cars For Sale

2018 Audi A4 For Sale
56 listings starting at $46,645
2017 Audi A4 For Sale
5 Great Deals out of 100 listings starting at $36,888
2016 Audi A4 For Sale
23 listings starting at $29,374
2015 Audi A4 For Sale
34 listings starting at $26,713
2014 Audi A4 For Sale
4 Great Deals out of 61 listings starting at $17,995

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.