Moving abroad: car finance

Honest John Back Room » Motoring discussion
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Wed 12 Apr 2006 19:03
Moving abroad: car finance - David Horn
Bit of a sticky situation that my brother's in. In two weeks he's going to be heading out to Hungary for 12 months to work there. In the UK he has a Renault Megane which he's been paying off, I think he's about 1/3 of the way through the payments.

Obviously, he can't take the car with him and he doesn't want to mothball it and keep paying. The finance company have offered him a settlement figure (circa 5 grand), which he doesn't have the spare cash to pay off in one go.

He could if he sold the car, but since it technically belongs to the finance company, he can't sell it...

Has anyone got any suggestions for what he can do in this situation? The finance company is Black Horse.

Cheers,

David.
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Wed 12 Apr 2006 19:54
Moving abroad: car finance - local yokel
Why can't he take the car with him to Hungary?
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Wed 12 Apr 2006 21:43
Moving abroad: car finance - DavidHM
What's the car worth?

(Or failing that, how old is it, mileage, spec, condition, etc.?)

How much deposit did he pay? Has he got a PCP outstanding? What's the monthly payment excluding any insurance, etc.? Over how many months?
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