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hire purchase

(4 Posts)
gunting Sun 03-Apr-16 00:03:28

Does anyone have any experience of getting out of a hire purchase contract early? Is it possible?

I have 2y left from a 5y contract but my car is just too small now.

cozietoesie Sun 03-Apr-16 07:30:18

Only on a lease agreement with a buy back clause but it was some years back. There must surely be some early termination provision in your agreement, though. What, broadly, does it say?

Rockchick1984 Mon 04-Apr-16 07:48:45

I did - in the small print it said I could terminate early once I was more than 50% of the way through the HP.

WheresLarry Mon 04-Apr-16 13:16:21

If you have paid more than 50% of the credit cost back you may be able to do a voluntary termination. I suggest checking your paperwork.

Maybe put your question on MSE, they seem to know everything over there.

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