2006-07-09 02:19:27 · 10 answers · asked by jonalyn 1 in Cars & Transportation ➔ Buying & Selling
They will probably charge you extra for finishing early read your small print
2006-07-09 02:24:49 · answer #1 · answered by butterfly55freedom 4 · 0⤊ 0⤋
Hi there
you will need to be very careful, generally the outstanding finance will be more than the value of the car. This would mean that you would have no car, ad still have a debt. Many people will not buy the car unless it is HPi clear.
Do you have to get rid of it? Have you tried talking to the finance house and seeing if the payments could be reschduled to a lower monthly rental?
If you want to discuss, email me on mnoyle@yahoo.com
Regards
2006-07-09 02:25:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
when you're interior the united kingdom, then you definitely would have a hazard. customer credit agreements have a rule called halves and thirds. once you've paid more advantageous than 0.5 the full quantity repayable (loan quantity plus interest, plus admin costs) then certain you could ask the finance employer to take the vehicle back without penalty to you. you'd be requested to pay for sequence and also you gained't get any blemish on your credit status. verify your finance contract and this components you with the figures above or telephone the finance employer and ask them
2016-10-14 06:47:47 · answer #3 · answered by Anonymous · 0⤊ 0⤋
you will find on your finance agreement a box which will give you a sum of money you have to of paid if you want to hand the car back.
be aware though any damage you will be liable for, and you will probably have to take the car to a local auction house.
1st step is speak with the finance company and tell them what you wish to do
2006-07-15 10:21:22 · answer #4 · answered by chunky 5 · 0⤊ 0⤋
I work in car sales, and you should read your agreement very carefully, depends whether you agreed to a deal where that was an option or whether you have to part ex on another new car so many years after the original purchase. Again it should have been made clear to you from the onset whether you needed pament protection in case of default etc. Speak to the sales guys where you bought it from. Better not to put it off if you are in difficulties. If you sell it privatley you may be worse off and be contrary to you agreement and they might come looking for you!!!
2006-07-12 06:39:16 · answer #5 · answered by l 2 · 0⤊ 0⤋
be carefull even though you voluntarily give it back they will still call it a reposession and still charge to the difference of the value of the car at auction, and what you owe. let someone you know take over the payments, this will keep your credit from meltdown too.
2006-07-09 02:28:50 · answer #6 · answered by bill c 2 · 0⤊ 0⤋
That sounds stupid if your paying the car off, why give it back to them.
2006-07-09 02:24:51 · answer #7 · answered by Ollie 7 · 0⤊ 0⤋
Don't do that, because the car will be YOURS not theirs if you do!
2006-07-09 02:46:00 · answer #8 · answered by Trevor h 6 · 0⤊ 0⤋
I bet you'll still end up owing them something.........
Check it all out first.
2006-07-09 02:23:25 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Go on then.
2006-07-09 02:22:44 · answer #10 · answered by Anonymous · 0⤊ 0⤋