How to Return a New Car for a Used Car

There are a variety of reasons someone would want to return a new car for a used car, such as buyer's remorse, cutting back on expenses or dissatisfaction with the new vehicle. Whatever the reason may be, there are challenging yet effective methods of doing so.

Instructions

1

Check the return policy on the vehicle. Some dealers allow a specified amount of time within new car contracts.

2

Call the dealership where you received the vehicle and make an appointment to bring the car in to discuss possible return options.

3

Bring the car to the dealership. If the car is a lease, some dealerships will allow leasers to return the car early with no impact to their personal credit as long as all the lease payments are current. A payment arrangement can be made over a period of time to pay off the remainder of the lease. The dealership will sell the vehicle at an auction. If the car is sold for more than its payoff quote, the difference will be subtracted from the remainder of your lease payments.

4

Consider a voluntary repossession of the vehicle. If the car has been financed, you can perform a voluntary repossession by returning it to the lender. This option may have a negative impact on personal credit.

5

Inquire about options to purchase a used car. This will be a separate transaction with the car dealer.

6

Test drive the used car of your choice, and speak with a sales representative to negotiate the price of the used car and a feasible down payment. Obtain a copy of the used car's Carfax report, and request all information on the history of the vehicle.

7

Read the fine print and warranty policy within the used car contract before signing the contract and taking possession of the used car.