advice on my car finance

[tysst202]

hi all,need some advice on my car finance,
i need to get rid of my vxr astra as it has been nothing but trouble since day one,problem is i dont have rhe money to pay the finance off.
with regards to the finance would i have to pay all of the interest of or just the credit i initially owed with no interest?

do i have any options to part ex it with finance owed or take out a loan ect?

any advice is greatly appreciated thanks

[northandy]

We'd need more info than that.

How long have you had it?, how long was the agreement for.?, is there a final baloon payment?, what are you money payments?.

You may be able to hand it back under halves and thirds rules, but you have to have paid enough to cover half the value (thats original finance plus all interest halved)

Have you got your agreement?

[tysst202]

48 payments of £199 i have payed four months so far amount of credit is £7,719.00 charge for credit is £2,147.00

[ED209]

What does your agreement say in terms of early repayment?

[LHD]

Assuming the borrow is against the car and not a personal loan - the beauty of a HP is it's a tri-partite agreement.

One assumes you've bought the car from a big dealer group who are now trying to wash their hands of you and the car. If this is the case contact the finance company and explain the situation. You'll find that they manage to get things sorted, normally pretty quickly.

Unless i've read it all wrong and you've just changed your mind?

[Ineedonenow]

You usually pay 2 months interest

[tysst202]

ED209 said:

What does your agreement say in terms of early repayment?

it says " in the case of full settlement we will send you a statement setting out what you owe less any statutory rebate to wich you are entitled.we will calculate the statutory rebate in accordance with the consumer credit"

[ED209]

tysst202 said:

ED209 said:

What does your agreement say in terms of early repayment?

it says " in the case of full settlement we will send you a statement setting out what you owe less any statutory rebate to wich you are entitled.we will calculate the statutory rebate in accordance with the consumer credit"

well ring them up and say "can i have a settlement figure please"

I suspect you will not like what you hear.

[LHD]

Ineedonenow said:

You usually pay 2 months interest

No, you don't.

Seriously, contact the finance company and get them to sort out the supplying dealer.

Unless you have got buyers remorse in which case you'll just need to swallow hard and suck it up.

[tysst202]

LHD said:

Assuming the borrow is against the car and not a personal loan - the beauty of a HP is it's a tri-partite agreement.

One assumes you've bought the car from a big dealer group who are now trying to wash their hands of you and the car. If this is the case contact the finance company and explain the situation. You'll find that they manage to get things sorted, normally pretty quickly.

Unless i've read it all wrong and you've just changed your mind?

a certain company with a griffin badge! somthing broke the other day and they wont fix it under warrenty,the car is costing me time and money because it keeps going wrong,once one thing is fixed somthing else breaks!
worst car ive ever owned,even my alfa was more reliable!lol

[Froomee]

You say the car has been a lot of problems? What problems? When did they arise? And how long have you had the car?

[LHD]

tysst202 said:

LHD said:

Assuming the borrow is against the car and not a personal loan - the beauty of a HP is it's a tri-partite agreement.

One assumes you've bought the car from a big dealer group who are now trying to wash their hands of you and the car. If this is the case contact the finance company and explain the situation. You'll find that they manage to get things sorted, normally pretty quickly.

Unless i've read it all wrong and you've just changed your mind?

a certain company with a griffin badge! somthing broke the other day and they wont fix it under warrenty,the car is costing me time and money because it keeps going wrong,once one thing is fixed somthing else breaks!

I'm trade, if it helps PM me and i'll see if i can throw some names at you.

[tysst202]

Froomee said:

You say the car has been a lot of problems? What problems? When did they arise? And how long have you had the car?

air con pipes split,coil pack broke,new spark pugs all cracked so prop wasnt the coil pack anyway,manifold cracked,was replaced but new one has cracked after a week,now the passenger window regulator has bent all the rods and wont go up,i just give up!

[northandy]

LHD said:

Assuming the borrow is against the car and not a personal loan - the beauty of a HP is it's a tri-partite agreement.

One assumes you've bought the car from a big dealer group who are now trying to wash their hands of you and the car. If this is the case contact the finance company and explain the situation. You'll find that they manage to get things sorted, normally pretty quickly.

Unless i've read it all wrong and you've just changed your mind?

This is probably your best option. You will get bent over otherwise.

[Fast Bug]

LHD said:

tysst202 said:

LHD said:

Assuming the borrow is against the car and not a personal loan - the beauty of a HP is it's a tri-partite agreement.

One assumes you've bought the car from a big dealer group who are now trying to wash their hands of you and the car. If this is the case contact the finance company and explain the situation. You'll find that they manage to get things sorted, normally pretty quickly.

Unless i've read it all wrong and you've just changed your mind?

a certain company with a griffin badge! somthing broke the other day and they wont fix it under warrenty,the car is costing me time and money because it keeps going wrong,once one thing is fixed somthing else breaks!

I'm trade, if it helps PM me and i'll see if i can throw some names at you.

It's far easier to ignore the person talking common sense though