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by Mr Peiz on October 23rd, 2005

Mr Peiz

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Can I turn in my car if the vehicle is wrecked, I don't have full coverage, and I still owe several years worth of payments?

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  • by Anonymous on January 7th, 2006

    Anonymous

    Do your mean turning in your wrecked, liened vehicle, to the lien holder? if so, just because the vehicle is wrecked does not forgive you of the balance owed. if your vehicle is undriveable and parked in your backyard, the monthly payments are still due. not having full auto insurance coverage has nothing to do with your balance owed to the lienholder. the lienholder will let you know this......in a hurry.

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  • by Joe-Speedy on October 27th, 2005

    Joe-Speedy

    Not sure what you mean when you say "Turn it in." If you own a vehicle you can do what you want with it including reselling it or trading it. It is wrecked, then the car has no value. You would get nothing for it and you would still need to repay the loan.

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