Buying car on finance, 5 year contract with 2 years paid. Half Rule?

nico0411

Registered User
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1
Hello,
This is my first post in this site.
My husband and I are buying a car on finance its a 5 year contract and we have paid 2 years now.

Due to me now having my hours reduced to part time we can`t afford the repayments.


We have paid £7,861 and I think half the finance is £10,000. Can we return the car using the half rule? Or do we struggle on until have reached the half way mark in 6 months?


Any comments gratefully received.
 
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