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Can I voluntarily surrender my vehicle and how do I go about it?

Questions & AnswersCan I voluntarily surrender my vehicle and how do I go about it?
Anonymous asked 4 years ago

Hello,
I have vehicle finance with Absa Bank.

 

I am having extreme difficulty with paying for it and now and with a baby on the way ( in 3 months), I know it will become harder. My question relates to voluntarily surrendering the vehicle: Do I have a legal right to surrender the vehicle? what are the disadvantages of this procedure?

 

How do I go about applying to voluntarily surrender if its possible to do so?.

 

Your urgent response will be appreciated.