Cheap Personal Car Loans

[Deleted User]

wooie649 said:

I am considering utilising the voluntary hand back for my car. I have now paid over 50% of the cars value, so can hand it back at no extra cost. However it is not yet the end of my agreement. The dealer who I financed the car with advised me that if I do this it will show as a negative mark against my credit report for 6 years. Is this true?nd how much of an impact will this have on my credit score? If anyone has any advice it would be appreciated. Thank you

You should check your numbers before you try. VT is available when you have paid back 50% of the total package with all interest etc (including the balloon at the end) not 50% of the car value