Black Horse Finance Query

[jd_1981]

Id like to end my contract early with Black Horse by giving them my car that i financed with them. I am half way through a five year contract. Is this possible?

[maviscoull]

read the small print on your agreement. sometimes if you have paid a certain amount back you can hand back the car and terminate the agreement. beware as there may be a hefty charge for doing this.

[makemesmile]

You need to contact either a dealer or Black Horse direct for a surrender value (what they want to cancel to agreement). Then you need to get a valuation on your car to see how much it's worth. Take a look at Autotraders website if you'd like a ball park figure, there's a link to a valuation calculator. Be aware that a dealer/trader will you give less than you'll get if you sell privately - that's their margin. If the surrender value is higher than what the car is worth, then you're in negative equity (commonly know as 'upside down') and that's how much it'll cost you to get out of your agreement. As you're only half way thru, it's my bet it'll cost you quite a bit, I'm afraid.