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Hi,
I'll keep this short as I'm not sure I have a leg to stand on legally, but I'm posting on here as I'm not sure.
Basically I have a medical condition (previously under control) and have lost my driving licence. I lease a car and have only had it since January 2019. In order to return the car the finance company want around £7k from me at the time of returning the car (50% of all outstanding payments). I simply cannot afford this but nor can I drive the car for at least a year. As I am single it's not being used by anyone else so means the car could potentially be sat on my drive for a year - not desirable for me or for the finance company. I paid a deposit of around £2k and have been paying around £330 a month for the car since I got it, I'll continue to pay this until we can reach an agreement to return the car.
Does anyone have any advice or similar experience? I imagine the intention of the garage would be to sell the car but I don't feel like I'm simply paying for depreciation with the amounts quoted? The car is very low mileage (lower than I've paid for) as I've been unwell for a while.
Many thanks,
Dan
I'll keep this short as I'm not sure I have a leg to stand on legally, but I'm posting on here as I'm not sure.
Basically I have a medical condition (previously under control) and have lost my driving licence. I lease a car and have only had it since January 2019. In order to return the car the finance company want around £7k from me at the time of returning the car (50% of all outstanding payments). I simply cannot afford this but nor can I drive the car for at least a year. As I am single it's not being used by anyone else so means the car could potentially be sat on my drive for a year - not desirable for me or for the finance company. I paid a deposit of around £2k and have been paying around £330 a month for the car since I got it, I'll continue to pay this until we can reach an agreement to return the car.
Does anyone have any advice or similar experience? I imagine the intention of the garage would be to sell the car but I don't feel like I'm simply paying for depreciation with the amounts quoted? The car is very low mileage (lower than I've paid for) as I've been unwell for a while.
Many thanks,
Dan
