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moving abroad and need to cancel car finance?
Hi,
This is my first post on this forum. I was wondering if anyone had any info on how to terminate car finance. Myself and my fiance are moving to Australia at the end of May. My fiance has a car on finance with GMAC which she got before we met. How could we end this without having to pay any money? I think there is an amount for termination in her contract which she may have reached but how does this work?
Any help with the best cost free ideas would be really appreciated.
Many thanks
Dean
This is my first post on this forum. I was wondering if anyone had any info on how to terminate car finance. Myself and my fiance are moving to Australia at the end of May. My fiance has a car on finance with GMAC which she got before we met. How could we end this without having to pay any money? I think there is an amount for termination in her contract which she may have reached but how does this work?
Any help with the best cost free ideas would be really appreciated.
Many thanks
Dean
0
Comments
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Is it a HP agreement?
If so, has she reached 50% of the repayment period?0 -
I suggest you both read the paper work you got and see what it says.Breast Cancer Now 100 miles October 2022 100 / 100miles
D- Day 80km June 2024 80/80km (10.06.24 all done)
Diabetic UK 1 million steps July 2024 to complete by end Sept 2024. 1,001,066/ 1,000,000 (20.09.24 all done)Sun, Sea0 -
It is a HP agreement and yes she has reached 50% of her payments. I have never had car finance before so do not know how it works to terminate a contract. Cheers.0
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Dump it in a hedge, field or layby or push it over a cliff"We want the finest wines available to humanity, we want them here, and we want them now!"0
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You need to read the paperwork as some situations are different and have clauses, however in principle if you have paid half the original finance amount including interest you can hand the car back without penalty providing its in good nick.0
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Lucky you.....i wish you wellIt is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0
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