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post #3 of (permalink) Old 30th July 2010
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Re: Sooo stressed - Company car due-4years remaining on finance-help!!

It's more of a finance problem rather than a car problem.

You are in possibly in a better financial postion now rather than 4 years time when the car will be worth a lot less. It's just you are having to take the hit in one big blow rather than in dribs and drabs over the years.
Without knowing what you paid for the car or your cost of financing arrangements such as interest, etc, it is would be difficult to give advice but should you find that your financial circumstances have changed and have difficulty makng repayments seek appropraite financial advice as soon as possible.
Many people are in similar circumstances due to the fall in house prices.
Either way you have entered into a legally binding contract and only by careful negotiation are you likely to escape severe financial penalties.
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