It all depends on her equity situation. She may owe less on the car than what its worth. In this case she could sell the car and payoff the loan. I have been in the car business for over 15 years, and have seen many people turn cars in that didn't need to. Once you turn the car in you are at the mercy of the finance company. They will send the car to the auction sell it and depending on what you owe will wright the difference off. Lots of times they get more then what the customer owes, you will never here of this because know one has ever let a car go back and then a month later receive a check for the difference over the payoff. This is because they will charge you for all kinds of fees and penalties, and this is the amount that will show up on your credit history. Hope this helps.
Last edited by FASTEDDIE; 01-12-09 at 07:29 PM.