What if I Can’t Make My Car Payment?

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If I can’t make my car payments, what are my options? Many St. Louis drivers ask themselves this question every day, and Suntrup Automotive Group is here to help. We’ll guide you through a brief overview of what to do if you can’t make car payments, and our team is ready to help you discover the financial solutions that you need. So read on, and get in touch with us today!

I Can’t Make my Car Payments, What Are My Options?

Your mind might be racing with “What if I can’t make my car payment?” with fears about the future or you might have moved on to “I can’t make my car payments, so what are my options?” The good news is that there are several different paths that you can explore to put yourself in a better position. Here’s what to do if you can’t make car payments:

  • Refinance: If your credit score is good and you’ve been diligent with your payments, maybe it’s time to think about refinancing in St. Charles. This can help you either extend your loan or get a lower interest rate to bring down those monthly payments.
  • Ask Lender: Depending on your lender, you might get good results from reaching out to explain your situation. They may be able to temporarily modify your loan plan in Fenton.
  • Trade-In: Sometimes trading in your car for a more affordable model can save you from a major headache. You can find plenty of cars under 20k and even cars under 10k!
  • Sell: Sometimes it’s easier just to sell your car completely and use the money to pay off the car loan. Get your car’s current value with just the click of a button. 
  • Repossess: You can allow someone to repossess your vehicle if you’re in a bind, but keep in mind that this can negatively affect your credit score. You could also get charged for the repossession and the sale of your car.
  • Bankruptcy: As a last resort, you can file for bankruptcy if you meet the qualifications. This may stop your car from being repossessed, but you’ll need to do some damage control to your credit score.

Find Out More with Suntrup Automotive Group

Learn what to do if you can’t make car payments with Suntrup Automotive Group, and our team would be happy to help you achieve the results that you want. Contact us to get started, or stop by our dealership in St. Louis.


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