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I am currently in a PCP agreement with a garage I have had the car for 2 years 5 months and I still owe more then half of the original finance. This is due to the fact that my monthly payments pay the interest which is over 13% and not the actual balance off the car, so I’m in a no win situation. I have been back to the garage and have been told I am in a dreadful deal and need to get out of it, the only way out of it with the particular garage is to get another car on finance from them. Due to the last deal I do not want to go back to them.
Can I use the letter to Voluntarily hand the car back to the finance company which states Hire Purchase agreement as mine is on a PCP agreement?
Please can anyone offer me some advice as I need to get out of this deal ASAP.
Can I use the letter to Voluntarily hand the car back to the finance company which states Hire Purchase agreement as mine is on a PCP agreement?
Please can anyone offer me some advice as I need to get out of this deal ASAP.
