Car Finance and redunancy?

dooleys18

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Feb 13, 2008
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I brought a Mini Cooper S last year on finance. I'm worried that i could be made redundant and will not be able to afford the payments. As i have finance i obviously owe interest say the finance was £11,000 i owe £17,000 to the company for the finance. If i just gave the car back could i walk away or..... if the car is now worth £10,000.00 would i owe them the difference of the finance i.e. £7.000?
 
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