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Moneybarn finance

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  • Moneybarn finance

    Hi there, looking for some advice if possible.

    We have a car on finance that we've only had for around 7 months , but our circumstances have changed and the monthly payments are killing us.

    I understand the only way out of a finance agreement is to pay 50% for the VT , but that's would mean we have to cough up almost 9 grand which we really can't afford at the moment. Does anyone know if its possible to sell the car to a dealer (this will be less than the settlement figure) then pay the existing 3 grand via some kind of payment plan?
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