How do i get rid of my car while still under finance?

I want to get rid of my car but i still owe the finance company quite a bit of money. I dont want to trade it in as i dont want another car so what else can i do?

How do i get rid of my car while still under finance?
i think is states somewhere in the contract that you can only sell it back to the finance company - and believe me - they will fleece you!





you have it now so my advice would be to enjoy it
Reply:hi,firsty yes you can sell the car,but before you do,you have to get in tutch with the fienance company,find how much you owe,if you can sell the car and get more than you owe them your quids in,if not your stuck old chum,hope this helps and good luck.
Reply:What you should do is return the car to the finance company with the keys and state that you no longer want the car.You cant sell it because its not your car it belongs to the finance company and to sell it would be fraud
Reply:sell the car yourself- you will get more money for the car ... make sure that you sell it for enough where you are not "upside down " - meaning you owe more to your finance company than what the car is worth. any amount you get over what you have to pay to your finance company is yours to keep. Check with your state motor vehicle adminsitration on proceedures you must take to sell you car.
Reply:there should be a clause in your contract stating that after you have paid at least half of the car you can hand it back to the finance company i know my dad done it three years ago
Reply:Dump it and report it stolen.But burn it first.
Reply:Find a new buyer who is willing to pay what you owe and make arrangements with him and the finance company to get the loan taken care of so they will release the lein card.
Reply:Well you have two options one is to sell and pay off the loan and the second being to find someone to take over payments. If you sell it you need to see what you owe compared to what it is worth. My guess is that you owe more than it is worth so you would have to pay the difference between what you owe and what you sell it for at the time of sale.





Check with your bank and see what their criteria is for someone to take over payments and then advertise it that way. Although if your payment are high that could be a hard task as well. Good Luck!
Reply:If it is still running, go out and find somebody to tailgate you.





Then slam on the brakes.





If you are a good enough actor - you'll get the car paid off, and then some.





Careful though - people know this trick.
Reply:Determine what your original contract states. It may allow you to sell the car.





If you owe more than the car is worth you will need to sell it and kick in the difference in the money you owe them.





Obviously, the finance people will need to sign off on the sale as they will be on the title. As stated by others you may be able to find someone to take over your loan if they can get approved.





Don't wreck your car or burn your car or anything silly like that. Car insurance companies have lots of investigators. You could end up in jail.
Reply:Contact the finance company and tell them that you want 'rid' of the vehicle. There are many options for you to choose from: you can give the car to the finance co. to sell for you, or you can ask for permission to sell the car and then to pay them although it is not very likely they will go for this choice. The other way is to find a buyer yourself and then to explain the situation to them and arrange with the finance co. that the buyer pays them what is owed and you get the balance. Be Aware that the finance company according to uk law 'own the vehicle' not you. It is a criminal offence contrary to the theft act to dispose of or to sell the vehicle to another without the express permission 'in writing' from the owner, finance co., or another whom has 'an interest' or a lawful right or claim on the property namely the vehicle. If you contravene this you WILL be liable to arrest and face criminal proceedings and may end up with a criminal record. Sorry to be so blunt but there is no other way, think things over sensibly and carefully. If you are having problems meeting payments talk the finance co. be honest and say that you want to keep the car and ask if they will lower or freeze the repayments for a while. Ask also if they or you with permission can sell the vehicle and any outstanding balance be put down to a personal loan.
Reply:find another buyer to take loan over or refinance it in their name
Reply:I'm selling my Car on CraigsList.com...





Go there..





I seen alot of people saying "Take over my Payments".. And alot of people actually do... Good Luck!
Reply:Sell it outright by yourself and pay off the loan and what is left over you will need to come up with that difference.
Reply:you got to pay off finance first no other way