Legal Question in Consumer Law in Maryland

You should negotiate the return with the financial institution. The bank does not have to accept the car. However, this negotiated return is better than a repo for your credit rating.

The primary issue in the negotiation is how much you will be responsible for if there is a shortage in the resale of the car. If it were a repo, you would be responsible for any shortgage. For example, if the outstanding loan is $15,000 and the bank can resell the car for $10,000, under normal circumstances, you would be responsible for the $5,000 deficiency.