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    Welcome Finance car loan - can i cancel the insurance?
    • #1
    • 5th Jul 07, 2:11 PM
    Welcome Finance car loan - can i cancel the insurance? 5th Jul 07 at 2:11 PM
    Hi all!

    I got a loan from welcome finance about 1 and a half years ago to buy a £5000 car. Obviously this means I am paying back much more than that.

    But I recently discovered that I didn't HAVE to take the insurance protection out and that it is pretty much useless to me.

    So I want to know 2 things:

    1) At the end of this second year, can I give them the car back and we call it quits?
    2) Is it possible to cancel the insurance that I am paying to them and instead just pay back the car loan?

    Really hope someone can help as I am being hammered each month by these guys

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