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Best way
aayush
Posts: 1,295
Forumite
Hi how is best way toClear repayment for car as lying 160 a month for over year and in Sept either pay or change car but not sure if want as car loses value as soon you drive car of the forecourt
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Comments
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Hi,
Assuming the car is on normal finance, there's not an awful lot that can be done really, short of handing the car back or trying to sell it yourself.
However no one would be willing to buy a car with outstanding finance, and it would break the terms of your agreement anyway.
If you handed the car back, you may still be left with a shortfall, that they would pursue you for, so your options are limited I`m afraid.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Let's say I want clear the finance what are the best way but want to pay less0
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without knowing what your finance agreement t&c's are, the amounts, the interest rate etc......your question is a bit like asking how long a piece of string isDFW Nerd No. 1484 LBM 07/01/15 Debt was £95k :eek: Now debt free and happy :j0
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