The lender can sell the vehicle at auction. The lender might be able to sue the borrower for the deficiency if it sells the car for less than the borrower owes. This is true even in voluntary repossessions. If you know you're going to be late with a payment, talk to the lender to try to work things out. If the lender agrees to a delay or to modify the contract, be sure you get the agreement in writing.
Some states have laws that give consumers additional rights.
Renting a Car Federal law does not cover short-term car and truck rentals, but some state laws do. If you decline to pay extra for CDW, you accept responsibility for any damages. Rental companies also may sell loss of use and liability insurance. Check with your insurance agent in advance, so you do not duplicate coverage you already have. If you pay by credit card, some rental companies will place a hold or freeze on your account during the rental period.