<prompt> Human: Hello, I have a quick question about returning a car i purchased at a carmax a day ago. if i return it within the 5 day return period would my credit be effected? The car was financed and according to some people I talked to if i return the car the loan will be canceled and would be considered a repossession. Is this true? if anyone has experience or info please let me know thank you!  <response>: Since your credit was run it will show as an inquiry. If you return it, the loan will be cancelled but not a repo. You never made a payment and the loan was never funded. Your credit report may state something like, account closed as requested. 