Voluntary surrender of car while in the casa, pwede ba yun mangyari?

Title.

I had a car accident months ago. It would take 6 months to repair. I cannot wait that long.

I got another car. Same bank for another car loan.

Now, I am planning to voluntary surrender my 1st car. Months old pa lang. it is still in the casa and the OD insurance was just recently approved.

Will this be possible? Any known cases na similar to this? voluntary surrender ang first car, then continue pa rin for the 2nd car

Thoughts po?