Quick Answer: What Happens If You Voluntarily Surrender Your Vehicle?

Quick Answer: What Happens If You Voluntarily Surrender Your Vehicle?

In voluntary repossession, you return your vehicle to your lender when you are unable to make payments.

You inform your lender that you will not make payments going forward and that you want to surrender the car.

If the car sells for less than your balance, you’d still owe money to the lender.

Photo in the article by “Naval History and Heritage Command – Navy.mil” https://www.history.navy.mil/research/library/online-reading-room/title-list-alphabetically/i/indians-in-the-war-1945.html