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Turning in a car prior to formal repossession activity is still a repossession. It differs only in the fact that it is voluntary and may not affect your credit quite as adversely. It does demonstrate a certain level of responsibility.

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Q: Turning in a car prior to reposession?
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Related questions

Can you keep your car from reposession?

Keep the car at a relatives or friends garage


Can the police get involved in a car reposession from a car dealership?

No they can only be present if you are being sued, or there is a disturbance


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This depends upon your credit score.


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If you volunteer a reposession on a lease car and the car is not operable what happens?

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Car was repossessed with you sitting in it and it was in your backyard and cops were called by repo man to make you get out of the car is that considered breach of peace?

YES! reposession is a civil matter, reposession men have been sued over cases like this and lost. He should have approched you and stated he's there to repo the car because your behind on payments and if you declined, he should have left and came back later to get the car.


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What happens when your return a car to finance company?

It is treated as a voluntary reposession and it still hurts your credit. They will auction the car and you will pay the difference of your loan and the amount they get from auction.