Your credit is going to be a disaster for the next 7 years.
References :

And just so you will know even if your doe’s not report to all 3 believe me they will after the repossession. I see this all the time.

Auto finance is what I do for a living and whatever you do, do not let the vehicle go back, the lender will sell it at auction for far less then it’s worth and come after you for the balance plus all fee’s for towing, storage, reconditioning, auction, interest, lawyers and anything else they can think of.

This will amount to several thousand dollars and they can take you to court, get a judgment and at that point they can attach bank accounts, garnish wages (if your State allows it) and file liens on any other property you may own like cars, boats, land and homes.

All of this will show on your credit for the next 7-years making it very hard to get any other types of loans without making massive down payments, paying huge fee’s and State maximum interest rates.

If it really comes down to it you would be better off selling the vehicle and taking out a small personal loan for the balance this way you could lower your payments and save your credit.

Good luck.
References :
Finance Manager for a car dealer for almost 9-years.