When you're over-extended, CarQuit lets you voluntarily return your vehicle — no repo trucks, no credit disaster, no drama. Everyone wins.
Based on a real CarQuit settlement. Individual results vary.
The old system creates unnecessary risk, damage, and loss — for borrowers, lenders, and recovery companies alike.
Repo destroys credit scores, triggers deficiency judgments, and leaves borrowers with years of debt after losing the vehicle — and their dignity.
Repo companies damage vehicles during seizure. Banks recover less at auction and carry legal liability from contested repossessions and property disputes.
Field agents face physical confrontation, legal exposure, and equipment damage. Skip tracing is expensive and recovery rates continue to fall nationwide.
From enrollment to exit, CarQuit coordinates everything between you, your lender, and a certified drop location near you.
Complete a free 5-minute eligibility check. We assess your loan balance, vehicle condition, and lender to confirm you qualify.
Our specialists negotiate directly with your bank for a voluntary return agreement — including a forgiveness percentage on your remaining balance.
Drive your car to one of 800+ certified CarQuit drop locations — typically auto auction facilities — on your schedule, no tow trucks required.
Your settlement is processed, forgiven balance is documented, and you receive full confirmation within 72 hours. Move forward debt-free.
CarQuit is the rare solution where every party walks away better than they would have from a traditional repossession.
Struggling Owners
Auto Finance Institutions
Tow & Repo Companies
These are representative scenarios based on real completed CarQuit exits. Forgiveness percentages vary by lender and loan type.
I was 4 months behind and convinced a repo truck was coming any day. CarQuit got me out of $14,000 in debt in three days. I handed over my keys at an auction lot 10 minutes from my house. That was it.
My bank actually encouraged me to use CarQuit. The loan officer said they'd rather get a clean vehicle back than deal with repo paperwork. I saved over $18k and avoided a lawsuit.
I was embarrassed to even call. The CarQuit team treated me with total respect, explained everything clearly, and had my settlement finalized in under 48 hours. I wish I'd done this months earlier.
Our team is standing by — no commitment, no pressure, completely confidential.