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Car loan (voluntary surrender)

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1 Car loan (voluntary surrender) on Tue Sep 19, 2017 4:46 pm


Arresto Menor
Good pm po. May tanong po ako, may car loan ako pero due to financial problems di ko na kaya bayaran ang sasakyan. So ngayon po isusurender ko na yung kotse. May kaso po ba kung yung kotse eh may bangga? Hindi nman po totally yuping yupi. May scratch lng at yupi yung bumper. Meron po ba ako pananagutan dun kung isusurender ko na yung kotse. Salamat po.

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2 Re: Car loan (voluntary surrender) on Thu Sep 21, 2017 9:13 am


Arresto Menor
Same issue. Pero un sakin declared total damaged na sya. Parang ayoko na bayaran un monthly ksi ndi naman nagagamit kotse. Please give me a feddback on this. Thanks

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3 Re: Car loan (voluntary surrender) on Thu Sep 21, 2017 11:28 am


Reclusion Temporal
@Markabby11. There should be none. The lender would be more than happy to retrieve the car from you with that state rather than filing a collection case against you for due to default in payments which could take years and would not put you in prison.

@Reiohyes. The lender might not choose to receive your car given its condition. pero depende pa din sa kanila, choise pa din nila if accept nila or file sila civil case against you which could also take years.

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4 Re: Car loan (voluntary surrender) on Thu Sep 21, 2017 11:48 am


Arresto Menor
Been paying for the car almost 3 years now with no delayed payment. I was thinking of returning the car to them instead of paying my MA and not using any car at all. Insurance is still on process til now should the bank need to coordinate with the insurance to speed up the process? I dont know what to do at this point

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