Hi,
I am relocating to Netherlands and was planning to import my Car until today I found that the car I bought from dealer (thinking its against personal Loan) is a Hire Purchase from Motonovo finance.
I got 60 instalments plan and already paid for around 27 months I think. My current settlement amount is approx £5600 and current car value from WeBuyAnyCar (thats the minimum value I think I can get) is £4500 approx.
Now what are my options in your opinion please? Haven't talked to motonovo yet (when I noticed they were now closed for weekend). I can't pay them remaining settlement amount (no funds) but can pay them monthly installments until end of term. But only if I can export my car as leaving UK for few years due to job change.
I am really tensed so please guide me what to do?
Thanks in advance
I am relocating to Netherlands and was planning to import my Car until today I found that the car I bought from dealer (thinking its against personal Loan) is a Hire Purchase from Motonovo finance.
I got 60 instalments plan and already paid for around 27 months I think. My current settlement amount is approx £5600 and current car value from WeBuyAnyCar (thats the minimum value I think I can get) is £4500 approx.
Now what are my options in your opinion please? Haven't talked to motonovo yet (when I noticed they were now closed for weekend). I can't pay them remaining settlement amount (no funds) but can pay them monthly installments until end of term. But only if I can export my car as leaving UK for few years due to job change.
I am really tensed so please guide me what to do?
Thanks in advance
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