hp on car loan

[lindas]

cant afford hp on my car already over 1000 behind i want to send car back but dont no if its best to wait till finance company to take it back if so what will the costs be

[bednobs]

you need to speak with the finance company - only they will be able to tell you

[Student2]

The costs are likely to be high as the collection agency that the finance company will use will issue their own fees and you will be liable for the rest of the payments on the car regardless. If you cannot manage this then it may go to court for the company to recoupe their costs, best advise is to phone the company and try and resolve something...... Hope this helps.
Normanthedog will be able to advise you on this in his own special way!

[darrellshep]

it depends on how long you have had the car for and how much you have paid back.

some hp deals have 2 figures that are key

if you achieve the first figure the finance company can't just come and repossess the car they have to apply to a court.

if you have achieved the second figure you can just ring them up and say you want to return the car. they will send somebody round to check the cars condition and normally instruct you to take it to an auction the agrrement is then terminated and you are off free.