Finance on car

[feelingnothing]

So I have a car that I have on finance and the actual finance isn't bothering us it's the insurance we simply cannot afford it anymore. It's killing us we are behind on all our bills and I'm so scared we are going to end up loosing our house.

How do we get rid of the car with out blacklisting is.

We have only had the car a few months, I'm all for buying a cheap car but the insurance is still terrible. We need a car it's a must do we cannot not have one.

Please does anyone have any experience in this???

If you are only a few months in to the finance I doubt you can give it back. You need to find a way to make more money to be able to pay the insurance.

Did you not look into all the costs before you took out the finance?

Yes but change of circumstances

Why is your insurance so high have you tried switching insurance companies?

You can hand the car back without penalty when you've made half the payments.

You could also talk to the finance company to see if there's anything you can do before that, but that's likely to be expensive, but it might work out for the best depending on your circumstances.

If the change in circumstances is big and not likely to be resolved with a year or two of cutting back, you should probably look at a thorough review of your budget and possibly proper debt advice.

Otherwise you could find yourself struggling on for years getting nowhere, or having to throw in the towel down the line, when you could be getting on with getting your finances sorted now, IYSWIM.

Have a look here and work through the advice:

www.moneysavingexpert.com/loans/debt-help-plan/