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What will happen if you give the car back but put sugar in the tank or ruin the transmission or damage the car?
Wiki User
∙ 18y ago
The vehicle will be taken to the auto auction and if it sells for anything less than the amount that you owe on the note will still be your responsibility. If it is determined that you deliberately sabotaged the vehicle you can be prosecuted for damaging property that is owned by someone else. Yes, the vehicle is "owned" by the lending institution as soon as the court grants the vehicle repossession.
Wiki User
∙ 18y ago
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