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Your credit gets crushed and you start walking everywhere.

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Wiki User

16y ago

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Related Questions

What happens your car is totaled?

If you have the proper insurance or you were hit by someone you will surrender the car and the title to the insurance company and they will pay you the actual cash value of the car before it was hit.


Where is the compiegne french surrender train car now?

Hitler destroyed it after the surrender ceremony.


How can you stop a replevin suit?

Pay off the car, surrender the car.


Do you have to pay the balance on a lease if you volunteer to surrender the car?

Yes


Should you surrender your car to the lender before or after bankruptcy?

According to the contract you signed when you bought the car, you should surrender it any time you are in default. Sooo, what difference does a day, a few days or a month make? The UCC in every state says the lender can demand the debtor make the collateral available to be picked up after default. Hahahaa , never happens. ANSWER?? TODAY.


Do you need to renew the registration if you are planning to voluntarily surrender the vehicle?

I would surrender the car before the registration is due. Once you surrender the car, the car will go to auction and sold for the highest bid. You will then need to either pay the deficit to the finance company or file for bankruptcy protection to elimiate the debt. NOT if you turn it in B4 its due.


Is it necessary to surrender out of state license plates when registering a car in California?

Not necessarily your plates, but you will have to surrender your old drivers license when you are issued your new one.


What is unconditional Surrender?

Unconditional surrender is absolute trust. It starts with acceptance of whatever happens in our life. That is the first surrender, surrender to the law of Karma, whatever unfolds is the reaction of our own past actions. We surrender to that without any question, trusting the law. Then comes surrender to what will be, when we hand over our life, our future, unconditionally. That is Divine unconditional surrender. We live without fear, or worry like a feather that surrenders to the air, like a leaf tossed on a river. So we must surrender.


You want to surrender your car because you cant afford the payments?

Call your lender.


Can you willingly repossess a car?

Unless you are a creditor, I assume you mean can you surrender a car to the lender in a voluntary repossession. If the creditor will do it, you can. Obviously it will depend on the mileage and condition of the car, but these days it is complicated by the state of the economy, so not likely. You can surrender the vehicle in a Chapter 7, where the creditor has no choice.


In New York if you surrender a car that you can no longer afford what happens and does it impact your credit?

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.


Who do you call when a car is up for repo?

If you want to voluntarily surrender your car, you can call the finance company and ask for instructions on how to proceed.