Can I hand my car back to the HP company?

riasmiler

Hi there, I bought my car on a HP agreement in June 2011, I paid £2000 deposit and have paid every installment so far, I have lost my job and I am now finding it really hard to get a new one, I am so scared of not being able to afford the installments and have no protection on the agreement.I wondered if the best option would be to hand the car back and i think I have heard that if you have paid over half of the value you can do this? My credit rating is good and I do not want this to be ruined.

Any advice would be appreciated

sweetilemon

is the car worth less than you owe?

durham_girl

My OH handed his car back after paying half the value. It depend what agreement you signed though, read your credit agreement.

Emmzi

I would ask on the loans board and I would type in the relevant section of the agreement, thet are very exoperienced in HP up there!