How To Voluntarily Repo Your Car

In unfortunate situation when you no long want your car, or there are constant problems with your vehicle there is an option how you can return the car back to the finance company or a bank which holds the lien on your vehicle. There are many reasons why people may choose voluntary vehicle repossession. Maybe your situation has changed and your car monthly payment is putting a huge burden on you monthly budget. Or you cosigned the loan for someone and now they don’t need the car anymore and so on.

To alleviate the confusion and hassle contacting your bank or searching for a contracted Repo agent who works with you finance company – In San Diego A&D Towing will pick up your unwanted vehicle and complete all necessary procedures to make sure your car is returned to a lien holder or assigned repossession agent.

San Diego Voluntary Car Surrender To The Bank

Do you have major car brake down, an astronomical repair cost or just lapsed car loan payments and wish you could voluntarily surrender your vehicle to the bank? If you still owe money on your loan, but you would rather return the car voluntarily to the lender or authorized repossession agent before there is a permanent record in your credit history. We can help you figure out your next steps to start the process of voluntary vehicle surrender.

If consumer falls behind on car payments and can not or don’t see it worth to catch back up on the loan, he may decide to voluntarily surrender the vehicle to the bank:

• Car Had Mechanical Problems And Is Not Worth Repairing
• Negative Equity Auto Loan
• Changed Jobs
• Temporary Or Permanent Moving
• Reduction In Income
• No Need Extra Vehicle
• Cosigned Loan
• Significant Repair Cost

San Diego Voluntary Car Repossession

Partnering with many automotive finance companies, banks and credit unions like Santander Consumer USA, Credit Acceptance, Bridgecrest Acceptance Corporation, Chase Auto Accounts, Carmax Auto Finance, Lincoln financial.

We work 7 days a week and our Emergency Tow service available for your convenience until 10 pm. In San Diego towing service is in demand not only during normal business hours, but also on late nights and weekends. A large variety of businesses and services are operating during late evening hours in San Diego, the demand for emergency 24 hour towing service is strong during day and night.

Return Car To Finance Company In San Diego

We offer the best solution for your car to be lawfully surrendered and returned to the car loan bank or finance company. If your car is complete or had an accident, no insurance, maybe had severe damage or needs new engine, or just repairing it does not make sense, but all parts are still there, you could potentially voluntarily surrender and return your vehicle to the loan company and arrange further agreement for future payments. Call us to arrange towing and removal of your vehicle in San Diego Area. With one phone call you will save valuable time and avoid headaches of tracking down repo tow companies willing to accept your salvage car in particular situation.

If I Surrender My Car To The Bank Do I Still Owe Money

As the price of your vehicle has dropped compared when it was purchased new, you may have owe more money for your loan that your car is worth at this moment . This type of situation is called Negative Equity and it is nothing new and most auto dealerships will work with car buyers who want to trade-in a vehicle with negative equity.

Voluntary car repossession or vehicle surrender does not relieve you from your financial obligation to the lender. If you still have a complete broken down car in your driveway or back yard then you still could get some money for it, as most junkyards buys late model cars to be sold for parts. Vehicles that are missing engine or transmission or just plain old and has local cats living in them, can only be used for metal scrap recycling.

In San Diego area there are several wrecking yards that will buy or recycle unwanted cars, but to pick up junk cars you will need to tow it in to they location in Otay Mesa. We offer same day scrap car removal near me in all San Diego. Just call us at (619) 419-6177 and we will arrange towing service to get rid of junk car for you.

Surrender a car loan, voluntary repossession, return car on finance

California Consumer Assistance Vehicle Retirement Program

Bureau of automotive repair offers vehicle retirement credit for cars that are still in running condition just have failed smog inspection and in need of expensive repair in order to pass smog test. If you have a older vehicle that is still run and drive. You may want to try to apply for this program link below.

https://bar.ca.gov/Consumer/Consumer_Assistance_Program/CAP_Vehicle_Retirement_Program.aspx

In large metropolitan area like San Diego the demand for convenience and emergency services is constant and does not end with normal business hours. San Diego residents and businesses heavily rely on 24 hour emergency services to keep life and business flowing. A and D Towing provides 24 hour towing San Diego service. In case of  emergency our dispatcher is answering calls 24/7 and will dispatch roadside assistance vehicle or a towing service to help you out. After hours towing service is a must in large metropolitan area like San Diego. 90% of all towing calls we receive are from customer who are in urgent need of a tow and only another 10% of our customers would prefer a scheduled tow for a later time.

How Does Voluntary Car Surrender Works

With many years in towing business in San Diego we earned a great reputation by doing right by our customers.

Read more about advantages of voluntary repossession, our 24hr towing service arrives on time and accurate up front pricing shows integrity of our service to San Diego residents and visitors.

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Even a dirt cheap “Joe Schmo” towing service from craigslist can hook up and tow a car  from partially empty parking lot on his spare time. If you are looking for a Pro who can load your disabled vehicle from an underground garage in San Diego Downtown call 24 hour towing service San Diego. Here are some of the unusual circumstances that we can help you with:

• Underground parking towing San Diego
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“Reliable” this is what we are proud of. Fast and friendly tow truck drivers will handle all automobile emergencies. We are the only towing company San Diego drivers awarded with the best reviews on Yelp.