loan or finance dilema were do i stand?

mph26

I have an agreement currently with santandar consumer finance which i dont know if it is finance or personal loan ? My loan startd with Ge money i got a car from Arnold clark and had a previous agreement so the salesman suggested he would get a personal loan to tie up lose ends any negative etc which i agreed sortd out figures etc and a day later got my new car after having the car a year i had an accident and wrote the car off my insurance askd is the any :(finance on the car which i reply no but phoned GE to check and explaned the circumstances. The advisor informed my to keep the money and purchase Another car if i want but just keep up my agreement payments . A few months later i recived a letter from santandar stating they have taken over GE customers and it was with them on the car kh07+++ so i phoned santandar and told them the car was writin off and i had a new car and said that the agreement wasn't finance to my knowlege . The advisor said he would call me back he phoned me back and said its ok just keep up the payments but im wondering what type of agreement it is and if i can hand back my current car as i am struggling with payments any help on the matter would b apprisiated

[Deleted User]

sounds like it is a loan,had it been finance you would have had to pay it off from the insurance pay out
not what you want to hear,sorry

LovelyLeeds

Where is your signed contract? Surely that will tell you what you need to know.

mph26

Looked out paperwork and it says finance agreement ,so really i shouldnt have been told to keep the money does any1 know were i stand legally ? Do i have the right to terminate the agreement ?

Curr946

even it it was finance, you no longer have the car, so you cant hand it back....