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jwp32750 wrote:I presently have a business that has suffered during these economic times. I have a 2007 Toyota FJ Cruiser that was purchased by my business. The vehicle is in my business name, but I am the guarantor to the vehicle. If I turn the vehicle in as a voluntary repo (I guess that this the proper name), what is the financial (FICO) impact by this?The payoff is probably around $28k; if sold at auction may get $18k for it. Will it show a negative impact of $10k?Thanks!JimI agree with Timothy, private sale is definitely better than a Vol repo. When you say Guarantor do you mean like co-signer? because if so then you are just as liable as the company. NADA says you are looking at about $17K for wholesale but could be less. I'm sure you are aware that teh company is going to come after the difference as well, & because as you said it was for a company they are more than likely to go legal on you before they negotiate.