AJRFulton Posted July 15, 2013 Share Posted July 15, 2013 (edited) Long story short. I bought my wife a new Fiat 500 last August. She decided to walk out on me last month. I'm about to take the car off her, as she isn't for paying for it and it is in my name, with payments out my bank account. What are my rights here towards handing it back? I really have no want or need for the car. Edited July 15, 2013 by Badgeronimous Quote Link to comment Share on other sites More sharing options...
Ekona Posted July 15, 2013 Share Posted July 15, 2013 Have you paid more than half the total amount (including the balloon)? If so, you can hand it back and walk away. If not, then if you sell the car (private or dealer) will that cover what you owe? If so do that. If none of the above, then you'll have to carry on paying it until one or the other is true. Or splurge a load of cash to cover the finance shortfall, of course. 1 Quote Link to comment Share on other sites More sharing options...
Mikesding Posted July 15, 2013 Share Posted July 15, 2013 I traded my A1 in whilst it was still on PCP- as long as you can cover the remaining amount you owe its fine. Can be very hard to sell private though as people don't want the faff. Sent from my Nexus 4 using Tapatalk 4 Beta Quote Link to comment Share on other sites More sharing options...
AJRFulton Posted July 15, 2013 Author Share Posted July 15, 2013 (edited) Looking on autotrader I'd reckon I'd have around £2000 of a shortfall. This car seems to retail at around £7000 Car is a 1.2 Lounge edition, costing £11250 new, with a £1250 deposit. I've made 10 payments of £175 on the car for her. So spent £3000. The car has did 8000 miles. Rubs in an already quite humiliating situation that little bit more. Edited July 15, 2013 by Badgeronimous Quote Link to comment Share on other sites More sharing options...
Ricey Posted July 15, 2013 Share Posted July 15, 2013 Shitter dude Quote Link to comment Share on other sites More sharing options...
Ekona Posted July 15, 2013 Share Posted July 15, 2013 You need to call the finance company and get a settlement figure. Quote Link to comment Share on other sites More sharing options...
Stutopia Posted July 15, 2013 Share Posted July 15, 2013 As above, if you give them an honest insight into the situation, and you're lucky enough to speak to a human, they might give you a break. Not massive, but best to keep financiers in the picture if you can. Good luck though, if they're total pricks about it then you've got no real recourse. Failing that CAB. Quote Link to comment Share on other sites More sharing options...
Luke0549 Posted July 15, 2013 Share Posted July 15, 2013 I'm a car salesman and deal with insurance all day. I'll drop you a pm tomorrow dude. Quote Link to comment Share on other sites More sharing options...
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