call the finance company and tell them that you want to do a voluntary repossession and they will take it from there.
find out another dealer who can finance your car.
You DO NOT have to take it back, but it will save you some money if you do. They will come pick it up if you tell them to.
In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy
If the creditor will not take it back in lieu of the money owed then you need to sale the bike and pay them their money. Unless the dealer is willing to buy the motorcycle you will still owe the money. Not every creditor will do a voluntary repossession.
You have to look at the papers that you sign with the car dealer. Typically they make you sign an agreement to bring the car back in the event that they can not get you financed. If they did not have you sign something, then they will probably hold the note themselves and then you have to pay the car dealer. But the short answer is yes, you can not keep the car if you can not pay for it.
Sending a car back and ceasing paying is the same as a repossession. It will have an extremely negative impact on the credit score and the ability to borrow money in the future.
There is a possibility that you licenses could be suspended. If you are hiding the car from repossession, you technically are stealing the car. The finance company can contact DMV and have the registration revoked and report it as stolen. Give the car back. Nothing good ever came out of hiding one from the repo man. They WILL get it eventually.
Make your car payments.
Is is common knowledge that the concept of repossession is the taking back of property by a lender or seller from the borrower or buyer, usually due to default.