I recently purchased a used 2006 Pontiac G6 because I'm an idiot. Anyways, my living situation has once again changed and I have to find a new place. I am not going to be able to afford my car payment and insurance. I owe around $15,000 currently on the car. What steps do I need to take now that I can't pay for it? I don't want to let it go back but I have no choice. What will happen once they repo it? Any advice would be helpful.

berrysweetncgurl

Can u find someone who may want to take over payments on it>?

Fr_Chuck

you really need to find someone who will take it even if just to take over the payments,

You really don't want it to go back, you may find you owe as much as you do now after you turn it back. What happens when it goes back, they sell it often at auction, a 15,000 car may only bring 6 or 7 thousand at a auction. They they add in repo charges, lawyer fees, title fees and auction fees, so you may still owe 12,000 after they take the car.