Credit

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

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

270,495

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.
58,385

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.
74,205

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

24,425

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 11,929 nationwide A4 listings starting at $1,899.

ZIP:

Audi A4 Experts

  • #1
    Deathjam4
    Reputation
    3,850
  • #2
    lukeyramone
    Reputation
    560
  • #3
    Tom Demyan
    Reputation
    540
View All

Related Models For Sale

Used BMW 3 Series
1,076 Great Deals out of 32,975 listings starting at $1,428
Used Audi A6
153 Great Deals out of 7,096 listings starting at $1,800
Used Audi A5
106 Great Deals out of 4,289 listings starting at $7,995
Used Mercedes-Benz C-Class
848 Great Deals out of 25,937 listings starting at $1,500
Used Audi A3
125 Great Deals out of 5,785 listings starting at $1,500
Used Audi S4
41 Great Deals out of 1,561 listings starting at $3,850
Used BMW 5 Series
460 Great Deals out of 16,187 listings starting at $1,650
Used Honda Accord
884 Great Deals out of 79,051 listings starting at $1,444
Used Audi Q5
154 Great Deals out of 8,583 listings starting at $7,500
Used Ford Mustang
437 Great Deals out of 42,782 listings starting at $1,488
Used Dodge Charger
428 Great Deals out of 35,049 listings starting at $2,000
Used Mercedes-Benz E-Class
555 Great Deals out of 22,231 listings starting at $1,999
Used Audi A8
41 Great Deals out of 1,608 listings starting at $3,995
Used Toyota Camry
1,082 Great Deals out of 75,997 listings starting at $1,000

Used Cars For Sale

2018 Audi A4 For Sale
5,364 listings starting at $33,066
2017 Audi A4 For Sale
52 Great Deals out of 1,102 listings starting at $19,500
2016 Audi A4 For Sale
16 Great Deals out of 225 listings starting at $18,970
2015 Audi A4 For Sale
21 Great Deals out of 750 listings starting at $14,995
2014 Audi A4 For Sale
36 Great Deals out of 722 listings starting at $13,295

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.