Car condition and voluntary termination

[_Deano]

My good friend is going though a tough patch at the moment, he has lost his job and it's been about 2 months since he has worked or had any income. It's come to the point where he needs to cut back on his out goings and one of the biggest outgoings is the car payments. He has a nice 996, but it's been sitting on his drive for the last 7 weeks, not moving.

After looking at the T&Cs and speaking to the finance company, he wants to terminate the finance agreement and give the car back; all well and good so far as he has paid over half the agreed amount and they will send out the forms to him. But whilst on the phone, the finance company stated that the car needed to be in a good condition, which could be a stumbling block.
The body work is fine a few small chips on the front and a slight crack on the windscreen from a stone chip, but all the tyres are at the legal limit; if not a bit lower (hence why it hasn't moved)
In a round about way he queried this with the finance company and they told him that he will need to replace the tyres before auction or he will be liable for the cost of replacing the tyres; this could be circa a £1K hit.

Is there anyone here that knows if the finance company can force the payment of the tyre replacements on him, given that he has no income and the reason why he is giving the car back, is because (in essence) he can't afford it?

Cheers
DJ

[paoloh]

Tyres need to be legal.

Put some cheap nasty part worns on it.

Windscreen is £50 from insurance.

[uuf361]

+1 - in my experience tyres would need to be legal - finance company would probably not collect (unless on a trailer) with illegal tyres.

[rsv gone!]

My brother handed back his shed of a 106 on this basis. He'd had a couple of dings and had an unpainted replacement bonnet on. They still collected the car.

I expected them to chase for some restitution costs but they never did.


[Of course, they'd have more incentive to chase for costs on a Porsche.]

[_Deano]

Isn't ebay great for used stuff.
Instead of paying close to a grand on a new set of treads, he can buy 4 tyres for £150, plus fitting. Thanks to all for your input.

[andy6581]

Can someone not settle the finance, and get a bargain 996? What's the spec ?

[R60EST]

andy6581 said:

Can someone not settle the finance, and get a bargain 996? What's the spec ?

I was just thinking the same. Does he just want out, or is he hoping to get some cash back. If he just wants out what are the figures/ spec ?

[redstu]

andy6581 said:

Can someone not settle the finance, and get a bargain 996? What's the spec ?

. Beaten to it! Twice!

Edited by redstu on Sunday 4th April 18:16

[andy6581]

Yeah .. i was here first

[Blown2CV]

just tell him to sell it privately, being honest in the ad, and use the cash to clear the finance... will probably have a good bit left over if he is at his halves. Don't just accept someone's offer to clear the finance and keep the car.

[_Deano]

He just want rid of it, i will let him know that there is interest in the car though and find out the exact figures and specs.