If I surrender my vehicle, will I be responsible for any balance owed?
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In a Nutshell
No. Even if the car is sold for much less than what you owe on the loan, your personal liability to pay the loan is discharged.
Written by Attorney Andrea Wimmer.
Updated July 22, 2020
No. Even if the car is sold for much less than what you owe on the loan, your personal liability to pay the loan is discharged.
