no win situation?

florida.
we purchased a ki sephia(2000)and can no longer afford the payments.we tried to give the car back,but were told that we would have to pay balance after car was auctioned in lump sum or pmnts equaling car pmnts.can they do this?if we defualt can they garnish wages?(only one worker in household)

[I AM ALWAYS LIABLE]

My response:

Simple answer : Yes.

It would be more cost effective for you to sell the car on your own, rather than turn the car in to the dealership.

At least, when you sell it, any differential between the loan balance, and what you've paid the lienholder, will be far, far less than the costs of having to pay for the auction, the costs of collection, attorney's fees, etc., etc.

Remember, turning a car back in to the dealership does not cancel the contract, and your credit suffers greatly as a result.

IAAL