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Car Finance

Miss Mayhem · 2013-10-02 22:13:32

Hi. I'm trying to get some advice for my mate Peter. He got a car on finance earlier this year. So far he's paid over a third of the price of the car back. But he's recently been made redundant from his job and he can't afford the full payments anymore. He wasn't able to pay the last payment and the finance company have…

02-10-2013 10:13pm

#1

Miss Mayhem

Registered Users, Registered Users 2 Posts: 72 ✭✭

Join Date: September 2013

Posts: 70

Hi. I'm trying to get some advice for my mate Peter. He got a car on finance earlier this year. So far he's paid over a third of the price of the car back. But he's recently been made redundant from his job and he can't afford the full payments anymore. He wasn't able to pay the last payment and the finance company have just sent him out a letter saying that they were terminating the hire purchase agreement and that he has to give back the car. What should he do? Anyone got any advice for us?

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Comments

#2 02-10-2013 10:15pm

Boskowski

Closed Accounts Posts: 5,361 ✭✭✭

Join Date: November 2007

Posts: 5269

Hand back the car?

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