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What will happen when you can't no longer pay for a vehicle you had for 10 months; and you call Dealership to surrender it?

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It will be considered a repossession and when the dealer sells it again, if they don't get enough to cover your loan amount plus their costs, you will still be liable for the difference. You might get the dealer to agree to not come after you for the additional amount but get everything in writing. Best if you try to sell it yourself.

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It will be a voluntary repossession and will affect your credit.

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When you call the dealer to surrender the car, you will lose some amount of money from your credit since you have already used the car. It is advisable to find another way of paying for the vehicle before surrendering it.

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It will be repossess the vehicle and sale by the financial institution which loan you to bought the vehicle. Your credit will be effected.

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You need to call the lender not the dealer. You own the vehicle not the dealer. The lender takes it back. Your credit will be affected.

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