Car repossesions

[smartie]

I have a client who is in a bit of a mess financially. He has two cars on HP with the same HP co, both on completely seperate agreements. If he was to have one repo'd would this have any effect on the other if the payments were kept up to date?

Not looking for any "why doesn't he buy cash" type repsonses please, just a straight answer from anyone who knows the answer please.

[Soovy]

smartie said:

I have a client who is in a bit of a mess financially. He has two cars on HP with the same HP co, both on completely seperate agreements. If he was to have one repo'd would this have any effect on the other if the payments were kept up to date?

Not looking for any "why doesn't he buy cash" type repsonses please, just a straight answer from anyone who knows the answer please.

No.

[smartie]

Soovy said:

smartie said:

I have a client who is in a bit of a mess financially. He has two cars on HP with the same HP co, both on completely seperate agreements. If he was to have one repo'd would this have any effect on the other if the payments were kept up to date?

Not looking for any "why doesn't he buy cash" type repsonses please, just a straight answer from anyone who knows the answer please.

No.

Thank you

[lenientism]

I think as long as he can manage to pay installment punctually, if he wants someone to takeover the ownership of one of the cars neither it will effect proses of installment the other one(s), nor the creditworthiness. He and the new buyer will need to sign agreement indicating this change, and provided the creditor can approve the agreement, he will not have any liability occurred towards the car and payments thereafter. imo.

[m3sye]

http://www.swap-a-lease.co.uk/

Try that, offer it a little cheaper than what he is paying at the moment

[smartie]

m3sye said:

http://www.swap-a-lease.co.uk/

Try that, offer it a little cheaper than what he is paying at the moment

its HP, not a lease