The options available to you will depend on the type of finance agreement you have entered into. For example, if you have taken out an unsecured personal loan then you may sell the car and use the funds to buy an alternative car. However, if it is a secured agreement (e.g. hire purchase) then the car is the property of the finance company.

You should contact your finance company immediately to discuss the options that are available to you.

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Posted in: Car Finance Information