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If I surrender my vehicle, will I be responsible for any balance owed?


If you have a car loan and can no longer afford the payments, you may be considering surrendering your vehicle to the lender. But before you do, it's important to know that you may still be responsible for any balance owed on the loan.


When you sign a car loan contract, you're agreeing to repay the full amount of the loan, plus interest and any other fees. Even if you return the car to the lender, they can still come after you for the money you owe.


So, if you're facing financial difficulties and can't afford your car payments, it's important to talk to your lender about your options. They may be able to work out a new payment plan that's more affordable for you. Or, they may allow you to sell the car and use the proceeds to pay off the loan.




The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.



Our goal is to help you find a fresh start so FAST!


Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706







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