Hi there and thank you for replying on this matter as i find it rather confusing. To confirm you say 50% may be different from the half way point you mean that it may be more like 35 payments rather than 24 out of 48 ? Basicaly the total loan repayable is 29,000 and when i have reached 14,500 regardless of which number of month i am on then i can hand back? Thanks Marc

Hi , i have a hire purchase agreement with black horse, i have paid 22 out of 48 payments and i am looking to hand the car back to start Fresh. There is a baloon payment at the end of the term to keep the car but i want a new one now, i was told i could hand this back at the halfway (24month) point but upon read my documents it says it can be handed back once i have paid £14,775 which wont be untill november. Can i still terminate at 24month point or will i be liable to make up the difference to 14,775 ? Also Any suggestions of how to get out of contract appart from trade in as i would still have nevative equity on the car. Many thanks Marc