Legal Question in Credit and Debt Law in Georgia

Read your loan documents. They should be read and understood prior to signing. It is not likely the docs will say you get out of the money you borrowed if the vehicle does not sell for the balance (and they almost never do).

The worst move you can do is to turn in a car. There almost always will be a deficiency, and in addition to that your loan agreement will tack on attorneys fees and repo fees. Typically, you still owe most of what you owed, except you have no car, and the consequences generally will include garnishments and the like.

A smart move before turning in the car is to see a bankruptcy lawyer. You may be able to stretch out payments and keep the car in a 13, or at least avoid owinga deficiency in a 7, if you qualify. Call me if you want to consider this option.