Business Car Early Termination

[councilmare]

We have a car that is leased through a ltd company who are the legal owners. I am the registered keeper. All payments are up to date and it has 1 year and 3 months left from a 4 year contract and a baloon payment to make at the end.

I have had a disagreement with the company (owned by a family member) and they now want to take the car back on Tuesay i.e 2 days notice. They seem to think that they can hand the car back and incur no penalty from the finance company.

My question is: Is it possible for them to hand the car back on this type of agreement. Do they need to give the finance company any notive period and do I have any rights to a notice period?

Thanks in advance.

[Steward]

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