Default on auto loan what happens
I have a auto loan and a auto lease and Im unable to make both the payments anymore. What happens if I default on the auto loan what happens I have good credit but I don't know the process if I default what happens after If I turn the car in and say I can't pay anymore what happens I know it will effect my credit what else.
What happens if I default on the lease instead my main question which has less issues or if I had to default on the lease or the loan which one should I default. I don't know what to do.