The voluntary surrender of a car is when you voluntarily give your vehicle back to the lender when you file for insolvency proceedings. The financing company owns the vehicle until you have completed the terms of the contract that you signed.Canadian repo guy here. I do leased vehicles only. Vehicle Import Entry (Form 1) form from Canada Border. "Concentration Account": as defined in the ABL Credit Agreement. The lender might call that the "deficiency". WORK 8 Contractor shall complete all Work as specified or indicated in the Contract Documents for the 9 Project identified herein. Have you bought or rented a motor vehicle? If you can't meet the terms of the loan agreement, the loan company may take back (repossess) your vehicle.