Legal Question in Credit and Debt Law in Florida

Re: automotive financing

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You will be held responsible for any deficiency which can be substantial. If you fail to pay, they can seek a judgment against you and then place it on your credit report. It will affect your credit history for years to come. They can also seek to collect the judgment against you.

Scott R. Jay, Esq.

Re: automotive financing

they will sell it and seek to recover any deficiency from you. it is better to try to negotiate with them on your own or with an attorney rather than just surrender it. if you would like assistance, please contact my office or another attorney.

Re: automotive financing

They will sell the car, probably at auction for a price lower than you could probably get yourself, then attempt to hold you responsible for the balance. I suggest that you attempt to sell the car privately. You'll do better that way.