I have a car that i dont want to continue to pay for, i was thinking of voluntary surrendering it. i have in-house financing, this vehicle is not showing on my credit report. will the dealership go after me still.
by 
james
ANSWERS: 5
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One thing you can do is get the house and after you get the house then, you turn over the car so if it show up it will be to late. Not to mention it takes a while for things to show up on your credit.
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It entirely depends on the state you live in, the condition of the vehicle, how much you owe vs how much it is worth and the terms of your financing. I would call a consumer advocate in your state - usually a pro-bono (free) lawyer or an office actually run by the state that can advise you on this. I would also call the dealership and discuss it with them. They may be willing to make a payment plan for you or they may be willing to take the car back depending on its condition and what you owe. If you break the terms of the contract, they can, and would likely, seek restitution against you. It would go to court and if you lose, a judgement would be made against you which WOULD go on your credit. Also, be aware that just because it is in house financing and they don't report to credit NOW, they may use a service for collections which WILL report to credit.
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they might be able to because i have had that same problem. i had a 2001 pointac sunfire and i lost my job and was not able to pay so i gave it back and now its on my credit as bad even though i was financed just like you. so they might send you some letters saying that you owe the differences from what they sold it for and send you a few letters about it and then just put it on your credit as bad. i have gotten letters for about 4 months and then they stoped and now its on my credit as bad.
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Whatever you do do not surrender the car. It may not be on your credit report now but if you do that it will be fast and your credit will be ruined for 7 years. Did you check your credit report from all three companies?? I have plenty of accounts that are on my Equifax report that are not on the other ones. Besides if you turn it in to the finance company, they will sell it dirt cheap and you still owe the rest of the loan. I'd pay extra payments until the value of the car is equal to the loan amount and sell it myself, otherwise you're going to get in deeper financial trouble.
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Don't want to? Some mistakes are best learned the hard way. If you financed a car, you pay it off, or trade it in, and assume the debt on a newer car. But trading it in is just delaying the lesson. Never finance a car. If this means you need to scrape together 1000 and but a clunker, and then scrape together more while that one lasts, until you have built up the savings to get a decent car for cash. Financing is a scheme that makes everyone money but you.
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