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Yes, if you vt the agreement and have paid half the hp price you will only have a liability of the outstanding arrears at termination. They cannot come back to you for any more subject to the car being in a reasonable condition for its year and mileage
It is the Finance company that then takes a loss on the difference between the sale of the vehicle and the amount it stands them on their books.
Have a good read of your agreement - it details your rights.
If you want, you could ring the Finance company and tell them you are "thinking of voluntary terminating the agreement and ask them to confirm that your outstanding liability will be the arrears at termination. You could ask them about the practicalities of returning the car once they receive your termination letter.
Otherwise if you have decided to go this route you just need to write a letter to the Finance company - keep a copy - saying that you wish to terminate the agreement as is your statutory right under the terms and conditions of the agreement and the Consumer Credit Act.
