You can try to sell the car
yourself through the likes of we buy any car.com and they will agree to pay the
finance off . Although you will be required to find the shortfall immediately
before the car is sold. It cannot be sold unless the finance is paid for in
full. It appears that you do not have the money to pay the shortfall, so if
that is not an option.
You can hand the car back to
the finance company and it will be sold at auction and you will get less than
your estimated 9000.
The finance company will then
look to you for the balance, which will obviously affect your credit rating
because it will be registered as a default and if they take you to court, they
will get a judgement.
I'm sorry to have to tell you
that there is no magic solution to get you out of this finance shortfall. If
there was, everyone would do it. The situation that you are in is not at all
It might be worthwhile, in
view of any other potential problems, in addition to this one, contacting an
insolvency practitioner at this early stage.
I appreciate that this is not
the answer you wanted but there is no point in me misleading you. There is
simply no magic solution to what you are looking to do. I think you probably
thought that already.
Can I help further?
Please bear with me today because I will be online and
Please don't forget to positively rate my answer service (even if it was not
what you wanted to hear) and I will follow up any further points you raise for
If you don't rate it positively, then the site keep your deposit and I get 0
for my time. It is imperative that you give my answer a positive rating. It
doesn't give me "a pat on the head", "good boy" (like ebay), it is my
If in ratings you feel that you expected more or it only helped a little,
please ask me for further info before rating me negatively otherwise I don't
get paid at all for my time and answer.
The thread remains open for us to continue this exchange