Tips on Buying Cars: Returning a car after paying on it for 4yrs, returning a car, carmax

Question
We bought a new car 4yrs ago. Now our income has changed and we need to return the car, because we can no longer afford it because of financial problems. Who do I call to bank or do I take it back to the car lot? I live in MN. Yes the car is almost paid for, but there is now way we can keep it. Thanks so much for taking the time to answer.

Answer
hi crystal,
if the car is almost paid for maybe you can sell it and save the repo charge that will go on your credit. Do you have a Carmax near you??? If you do, go there and have the car appraised. If they offer you more then what you owe, then you can sell it to them and they will give you the difference in a bank draft. Please think a bit about just giving the car back, you have options. Please let me know if you have any further questions

STEVE