Financial Hardship with Car Loan

Hi all,

In April 2024, I novated on a Tesla Model 3 2024. However I was made redundant at the end of last year and had to denovate the vehicle.

I have been applying for financial hardship through Commbank for the last three months to put a pause on car repayments but today I got a call from them saying that my financial hardship is up and will need to either sell the car privately and pay the difference of the loan or surrender the vehicle back to the bank (basically a repossession of vehicle).

If I sell the car privately and pay off the loan completely, does this still affect my credit score opposed to surrendering my car to the bank?

TLDR: Does selling a car privately and cutting my losses to pay off a car loan completely affect my credit rating?