Returning a Car (that's on finance)

Spudles

As long as your car hasn't depreciated an enormous amount you should be able to recoup at least the majority of what it would cost the pay off the HP agreement.

Obviously it depends on the car, but with over 3 years left i'm guessing you haven't had it for too long so it shouldn't be all that different, it also depends on where you got it from, from a main dealer you are more than likely going to have a car that you have paid a reasonable amount for what it is, however if it's from somewhere like Carcraft then you may have difficulty as with a lot of their cars people i've heard from you are in negative equity almost as soon as you get in the car.

fatbelly

An hp agreement can be voluntarily terminated at any time, up to the point that the creditor terminates it.

Factsheet | Hire Purchase debt

It's more cost effective for you to end the agreement rather than them, as the example at the end of the factsheet shows - there's also a sample letter

You cannot sell this car (without explicit written permission) as you are not the owner. Any attempt to do so would fail if the prospective purchase did an hpi check anyway. And it is a criminal offence so posters should really be a bit more careful.

All this assumes that this is definitely a hire purchase agreement