How to get out of JD byrider car company?

I had two cars from JD Byrider and the first one was a lemon the second one I had for two days they told me I couldn't give it back, so I noticed that I was paying 13,000 for a ford focus 2005, and in the end with interest I'm paying 20,000 for this car, I tried taking it back the second day but they refused. But they want me to keep making payments and I refuse to because they are unreasonable and charging way too much. Now there threats of taking my car and sticking me with a loan when, in the end I tried to give it back the second day. What can I do? And how can I leave this sad company? Honest answers please no childish ones

"No childish answers" - Well, hate to tell you, but there's no magic way out. You signed the agreement, you live up to it. That car is worth "maybe" $5000 on a good day at the auction.

JD Byrider does pursue repos, and will sue you for the remainder of the loan. That's the sad part of having to use them. When you have bad credit, you have to live with the JD Byrider's of the world until your credit improves.

There are no return privileges on cars. Once you buy them they are yours. The time to think about the cost, payments etc is before you sign the contract not after. Now the car is yours to pay for and the car lot is within there rights to have you continue to pay for it. Your only choice is to sell it a most likely a loss or keep it.

Auto finance is what I do for a living and as previously posted there's no way out of this problem short of either living up to your obligation or having to deal with a repossession.

There's no legal right to simply return a vehicle after you sign the paperwork and drive the vehicle off the dealers lot period.

If the vehicle is repossessed they will sue you in court and win a judgment. At that point they can garnish your wages (if your State allows it), attach your bank accounts and file liens on any other real property you may own like cars, boast, land and homes.

All of this will show on your credit for the next 7.5 years making it almost impossible to get approved for any other types of loans without massive down payments and even higher interest rates.

Also if the car is repossessed the amount you will end up owing will be even more then you do now due to fee's, intrest and court cost.

Pay the loan off. That's how you get out. There's no right to return a vehicle, certainly not after you wake up the next day and decide you don't like the deal you agreed to.

Make your payments and make your back payments, or you will never be able to buy another car. It was your choice to buy an overpriced car at outrageous credit terms. Of course they won't take the car back, they are making a fortune off you. Suck it up, work some overtime, and pay that car off. Then save up until you can buy another cash, so that never happens to you again. Think of it as paying for an education. The high cost will make sure you remember the lesson.

Where did you get the idea that you have any choice in the matter? You lost that the moment you signed.

You don't have to pay for the car. They will repo it. Your credit will be shot for 7 more years and they could garnish your wages.

So weigh your options. It was all there in writing before you signed it. All you had to do was read it.

Where did you get the idea that you have any choice in the matter?

To all the people who commented on the poor guy who got stuck with a lemon car and an unsustainable contract on the used car and was told he can't do anything about it. Keep in mind that all states may have different laws but in michigan you have the protection of the "Lemon Law" and the "Buyers Remorse" law which allows a person to back out of a signed contract within a certain time period and it states: A buyer must Mail or deliver written notice of your election to cancel within 3 business days from the date that you signed the contract, to the address provided by the seller. The seller must return any payment made by the buyer within ten days after cancellation. I couldn't find a date on those posts but if they happen to be recent then the OP needs to check his/her state laws on contracts and the lemon laws, which only pertain to auto dealers not private sales where I live. Do more research and don't take the answers on here as gospel!

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