returning a vehicle to the financial institution?

  • Thread starter Thread starter Donnie
  • Start date Start date
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Donnie

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how would you go about turning in a vehicle to the company that is financing it? i understand that this is kinda like defaulting on the loan, well that is exactly what it is. but how much of a dent would this put in my credit? i'm thinking that it wouldn't be as bad voluntarily giving it back to the financing institution as would having them repo it. i'm not behind on the payments. everything is up to date. just don't have a use for it any longer. the retail value for it is about 8 to 9k difference than what i owe. thanks.
 
Sorry but the company will not take it. Your credit will show a repo even if you manage to convince the lender to accept the vehicle.
 
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