Quote Originally Posted by Echonova
Sell it and take the loss now. It's better to owe $3000 on a car than vol. repo, they auction it off and then you owe $8000-$9000 on a car you no longer have. Talk to your bank or credit union explain the situation and if your in good enough standing they should work with you to take out a personal loan to cover the difference.
I agree 100%. I just sold a Jeep and took a $1,000 loss on it. I will happily pay that off. My credit stays good. good luck!