To initiate a voluntary automobile surrender is risky, at best. The procedure is to take your car , which is not completely paid for, back to the company who is financing the car note, and to permanently leave it, with no plan to make another payment. If the finance company cannot resell the car to recoup the remaining balance on the loan, then the balance could be charged back to the original
. owner. This could also negatively affect the owner's credit rating. see more details at http://www.bills.com/blog/voluntary-surrender-of-vehicle/.
