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The car will be sold at auction, then you will still be required to pay any remaining balance. You would be far better off selling the car yourself, since you can probably get more than wholesale for it just by advertising in the paper. Yes, it will severely damage your credit if you turn in the car.

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โˆ™ 2006-03-10 15:18:17
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Q: In New York if you surrender a car that you can no longer afford what happens and does it impact your credit?
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