What can I do if I Cannot Afford my Car Payment?

If you cannot afford your car payment there are a few options available to avoid the car being repossessed. First you can try to refinance the loan or lease to get the payments reduced, you can also try to trade the car in for a cheaper car, remember though that any money owed will be added to the loan for your new car. Another option is to privately sell your car for at least what you have left owing on it, paying off the loan and buying a cheaper car.