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Car finance question

1 reply

Markeymark · 21/02/2013 23:44

Can a finance company terminate the agreement early? Also if this is done and the car is sold at a loss, who is responsible for the shortfall?

Thanks

OP posts:
Mandy21 · 23/02/2013 18:03

It would depend on the type of agreement but yes, if you're not maintaining the payments, they are probably allowed to terminate early and you'd be liable for any shortfall once its sold.

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