SJ Denham Chrysler Jeep Dodge Ram

What If I Can’t Make My Car Payments?

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We understand. Everyone falls on rough times every now and then. When you originally financed your car, things were going better for you. But things change. We get it. But what if you can’t make your car payments? What are your options? After all, you still need to get around the greater Redding area somehow. The good news is that you do have options, and the finance team at SJ Denham Chrysler Jeep Dodge Ram wants you to know about them. So let’s talk about what to do if you can’t make car payments, and don’t want to go through repossession or bankruptcy.

Contact the Bank

Believe it or not, your lender would rather find a way to keep you in your car making some kind of payments, then have to go through the expense of repossession and having to sell your vehicle to recoup their investment. So, if you’ve run into financial trouble, call them up and ask, “I can’t make my car payments. What are my options?”

Apply to Refinance Your Auto Loan

This is definitely an option if you’re wondering what to do if you can’t make your car payments. Even if you have to go through a different lender, it may be possible to get a new loan with lower payments.

Trade-in and Downgrade

What if you can’t make your car payment, but could possibly make lower payments? It might be an option to trade in your car and work out financing with lower payments on your next car. This is much more likely if you trade in your vehicle for a less pricy model. For instance, trading in a relatively new SUV for a coupe, or a late model used car.

Sell Your Car

This can work if you can sell the car for more than you owe. If not, you’ll still owe the lender the difference. Still, this is something to consider if you’re wondering what to do if you can’t make car payments.

Return Your Car to the Bank

You can still end up owing money on this option, especially if you owe more than the car is worth. However, some lenders will negotiate on that and any repossession fees if you return the car voluntarily. But, this will still negatively impact your credit, just as a repossession would. Again, if you want to explore this option, it’s as simple as asking your lender, “I can’t make my car payments. What are my options?”

Don’t Just Stop Making Payments

What if you can’t make car payments? You have options! Be proactive. If you simply skip payments without contacting the lender, you will face repossession. No one wants that. After all, you may be able to work out a way to keep your vehicle so that you can continue to get around Redbluff.

Check Out Your Financing Options at SJ Denham Chrysler Jeep Dodge Ram

If you’re stuck in an auto loan with high payments, talk to our finance department about your options. We can help you value your trade andcalculate your payments on a new loan. You can evenapply for financing online. We’re just a short drive away from Yreka, so drop by today.

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530-926-4817

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603 South Mount Shasta Blvd • Mount Shasta, CA 96067

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SJ Denham Chrysler Jeep Dodge Ram

603 South Mount Shasta Blvd Mount Shasta, CA

Phone: 530-926-4817

http://maps.google.com/?q=603%20South%20Mount%20Shasta%20Blvd%2C%20Mount%20Shasta%2C%20CA%2096067

Parts

Phone: 530-926-4817

603 South Mount Shasta Blvd Mount Shasta, CA

Sales

Phone: 530-926-4817

603 South Mount Shasta Blvd Mount Shasta, CA

Service

Phone: 530-926-4817

603 South Mount Shasta Blvd Mount Shasta, CA
41.3088008 -122.3112846
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SJ Denham Chrysler Jeep Dodge Ram
SJ Denham Chrysler Jeep Dodge Ram
603 South Mount Shasta Blvd
Mount Shasta, CA, 96067 US
530-926-4817
https://di-uploads-development.dealerinspire.com/sjdenhamcjdr/uploads/2018/03/SJDenhamCDJROGImage.png
SJ Denham Chrysler Jeep Dodge Ram 41.3088008, -122.3112846.