NLIC.org

Johnnie Said:

How can i get rid of a HP agreement on a car?

We Answered:

In short - You cant.

It sounds from what you say that the Finance co has already more than met you half way by agreeing to a reduction in monthly payments.(This undoubtably increased the length of the overall Loan period though so they gain in increased interest charges.)

You will have to add those interest charges to the initial cost of the car to come up with a final settlement figure.

If you allow them to reposess the car auction it (allowing for depeciation) you will still be looking at a huge shortfall.
Theres no easy solution to this - Any chance of getting a Personal loan from a Bank?? - at least you could get rid of the hassle of the Finance co and reduce the interest rate you are paying considerably.
The only other way would be for you to be made redundant in which case your PPI should kick in.

Best Wishes

Lee Said:

Can a car dealer fraud me if they have my bank app with info and other personal info?

We Answered:

Relax. He was trying to sell you a car, not steal your identity.