Can an estate surrender a vehicle to the lender? | NC

About this video

Q: Can an estate surrender a vehicle to the lender instead of trying to keep or sell it? A: Yes — an estate can usually surrender a financed vehicle to the lender if that is the most sensible choice. This often makes sense when the loan is more than the vehicle is worth, or the estate does not want to keep making payments, paying for insurance, storage, or depreciation. But surrender does not…