I asked about my mom's car months ago and almost everyone suggested that I get her car repossessed. It's gotten to that point where we have to get rid of it soon.
I tried getting it refinanced, didn't work. I tried to trade it in but the dealer informed me that this would cost more so that won't work plus state law says dealerships can't sell/trade to people with mental disabilities (she bought this way before the dementia). I wanted to file bankruptcy for her but she did that before, 8 year wait. My last option is to get it repo'd but I've read that you'll still owe money on it someway or another. We're borderline broke right now. I don't mind her credit being bad as that would help her not get into anymore debt.
Our monthly budget is stretched thin and getting rid of the car would help us. I'm just worried over the repercussions of voluntary repossession. Is there another way around it?
Again she has dementia and it is not safe for her to drive.