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angelo3718
angelo3718 asked in Cars & TransportationInsurance & Registration · 6 years ago

i have a title loan but i dont want the car anymore what do i do with the car? do i give it back to the title loan company?

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  • ?
    Lv 7
    6 years ago

    Ideally you would pay off the title loan. At that point you could do whatever you wish with the vehicle (sell, trade, scarp, etc.). If you do not pay off the title loan then the lender has a right to take possession of the vehicle, giving you zero compensation for it's value. By doing so you would also destroy your current credit rating.

  • jon_mac_usa_007
    Lv 7
    6 years ago

    yes, surrender the car to title loan company (the lien holder).

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