I was wondering if you could help with regards to handing a car back to the finance company. The problem is I am getting a company car and no longer need my current car but I owe more on the finance that what it is now worth. There is a clause in my agreement that says I can hand it back as long as I have paid more than half, which i have. I was wondering if this affects my credit rating???

Any advice would be most appreciated.

Thanks

Hi no it doesnt, I handed myn back to its finance company via direct auto finance, although you normaly have to take the finance cars back to leeds car auctions or pay £80 collection charge. Really easy to give back and no it doesnt do anything to your credit file I checked as didnt trust these guys.

Thanks for getting back to me. I'll phone them tomorrow and get it sorted.