Car Finance

[shelly2405]

I have a car on finance and cant afford to run this anymore. I called my finance company and advised them that I wanted to hand my car back. The advised that unless I gave the �2000 which completed half of the finance agreement upfront they would not accept the car back. I advised that I could not afford this but would hand my car back and carry on paying them until I had cleared the �2000 but they declined my offer. Is there anything I can do???

[CheekyChops]

No. You can't voluntarily terminate a HP agreement until you have paid half the finance - as you have already discovered.
If you hand it back earlier, you will have to pay any associated charges.

Ho wlong have you had the finance and how long was it arranged over?

[shelly2405]

I have had the car nearly 2 years and have had the finance over 5 years

[bednobs]

i cant understand why, if you are able to make the payments, why there is a problem with keeping the car - even if you just keep it on the road but dont drive it, or in a garage or something?