<prompt> Human: tl;dr -- bought a 2011 Ford with no money down due to good credit; turns out it has serious engine problems, thinking of letting the bank reposess since its not worth the trouble, especially since the dealership might charge me for repairs. What are the ramifications for my finanaces, esp. my credit? Im in Virginia. Just bought a 2011 Ford from a local Ford Dealership; I have only had it for 22 days. About a week ago the tire pressure sensor comes up. No big deal, we just had a cold snap, was probably related to the temp change. Not long after that, maybe 4 - 5 days, it started struggling showing a loss of power, and billowing white smoke enough to blind cars behind me. I know a little about cars and suspect it is likely a blown header gasket or other oil leak; it was definitely burning oil coming out the back. Ive made no modifications and have only taken it for short drives to work; no long-hauls or racing or the like. Its entirely possibly its not a serious issue, but Ive been consistently unimpressed with the car, and I am ready to walk.I have great credit and put 0 on the car. I was waiting on back-taxes which cleared last week, and the idea was to put 0 down but drop 3600 USD on once it cleared no penalties for early repayment or not sticking to schedule. However, as concerns with this car are beginning to pile up, Im considering not putting any cash on the loan and letting the bank repo the car, especially if the dealership wants to charge me anything more than a trivial fee to get it fixed. What are the consequences of doing this? I reckon it will hurt my credit, but how badly? Edit: Loan is through the dealerships bank; I was pre-approved for a loan through my bank but the dealership offered more aggressive rates 1.5. If I were to let them repo, Id head to the Honda dealership down the street and try to get a car before the dealers bank loan kills my credit. I reckon its just a short-term credit hit I hope... but it gets me away from that lemon. Edit2: It does have a warranty -- 60k miles or 5 years -- which may cover the work, but, going by the way they were agressively questioning me about driving habits, I highly suspect they will attempt to place the blame for anything on me and charge me. Ive worked in auto shops before and have seen this behaviour. To be fair, they have yet to call me with any concrete info about anything, so I should probably avoid to jumping to conclusions, but want to evaluate options in case they want to charge me. Edit3: Ive also looked into Lemon Laws for VA -- but nothing other than googling it once -- but Im not sure this qualifies yet. Will read into it more now. Edit4: Fair enough. Ill wait until I hear more about the warranty work and fall back on the Lemon Law protection, if needed.  <response>: Youre fucking joking, right? 