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car finance
i have a car on finance that I got in may 2020 and and have 3yrs left to pay it (just over £4k) it has now broken down and needs a new engine (cheapest quote ive had is £1100) which i just cant afford. when i bought the car i was married and the £145 a month was affordable as there where 2 wages coming in now I am living on my own i cant afford to have a car that I cant drive as i work 12miles away from work, my bills have doubled.to point that i have had to go through stepchange to pay off my loans and credit cards
is there any way that i can cancel the finance or had car back so i can get rid of the finance
is there any way that i can cancel the finance or had car back so i can get rid of the finance
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Comments
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i should also mention that i have severe clinical depression and other mental health issues which have been exasperated by the break up0
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No. The dealership won't want a broken car back. You'd theoretically be able to bring a s75 claim if you can provide the car was not as described at the time, but that's very unlikely to be a possibility after a year of driving it.
If your work is only 12 miles away, at least that gives other potential ways to get to work.
Head to the DFW for advice on managing your debt.
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What kind of finance? Loan or PCP?0
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