Hi,

I bought a car just over a year ago on finance. I still have 2.5 years left on it, however my personal circumstances have changed and I no longer need or use the car. I'm currently paying out about £300 a month for the finance, car insurance, etc, and would much rather get rid of the car than continue this. What are my options?

I assume I won't be able to sell the car as it has outstanding finance on it, even though I would use the money I sell the car for to clear what's left of the loan. If I give the car back to the finance company does this clear the remaining debt?

Thanks for your help

L

trgdyann:

Phone the finance company and ask them for details of the process. They should have a set process for dealing with this.

Huckster