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Neither is very good, you lose your car either way. However I would recommend waiting for it to be repossessed because they may not take it. If you know for certain that they are going to take your car you should surrender it because it might make them slightly happier with you.
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∙ 11y ago
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Can you sell the engine out of a car that is going to be repossessed?
No, you must surrender the vehicle in the condition you received it in.
What if you want your vehicle repossessed?
I heard if you surrender your car back to the bank the loan is from, they will auction the car to get money back, if they DONT get the whole amount of what you OWE on the car... They will bill you the balance.T
When can a car be repossessed after bankruptcy is filed?
you better go look in you driveway
What happens if you get your car repossessed?
if i get my car repossessed, can they put a llien on the house?
How can you locate your repossessed car?
Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.
Can your car be repossessed if you lose your job?
No, but your car can be repossessed if you don't make the payments.
When your car has been repossessed can your tags be mailed to you?
I think yes your your tags should be mailed to you but better is you have confirm with your car loan lenders.
Is it better to turn your car in or let it be repossessed?
It would be better just to turn it in but it's a lot of work trying to locate it and recover it.
Can a car be repossessed with a person in the car?
No.
Can a car be repossessed from a car dealership?
if the car dealership does not pay for the car in full or pay their bills then the car would most likely be repossessed
When a car is repossessed what do you do with the insurance?
When a car has been repossessed the person paying the insurance should cancel it.
Can you refinance your car that is about to be repossessed?
If they started that process they are done. The only thing you can do is get money elsewhere and give them cash to get it back if you can get the money. There will be a penalty and you will have to pay for the repossession even. You can do a voluntary surrender if you can't keep it which looks better. If you let them take it, no one else will give you a car right away so you have to play ball with them.
