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.
Yes, you can return a used car to the finance company in Canada. However, you also can consider returning it to the dealer you bought it from as well.
You can get out of your car loan by selling the car you have. You can also return the car to the finance company.
Have the car voluntarily repossessed. Using this option means that you voluntarily return the car to the finance loan company if you are too far behind on your payments and can't recover. If you decide to return the car, the finance company may pick up the vehicle or it may require that you return the car to its location.
Someone has the car and the finance company has a lien on it. Any sale would have been fraudulent.
who the hell noes that?
My car was crashed and I lost my job. How do I return the finance car to the lender?
It belongs to the insurance company
usually called FRAUD
You still owe the finance company the balance owed.
Yes, they can. They can't finance you car if your car is a stolen car. When you put your car from a finance company, make sure that your car isn't stolen and bought it in a big car company.
Then you're screwed. The tow company put a mechanic's lien on your car, then they auctioned it off to recoup their costs. You're still liable for the payments you owe to the finance company.
The finance company will want to be paid in full if they find out it's stolen. The responsibility to satisfy the loan falls on you seeing that you failed to maintain insurance.