Associate
- Joined
- 17 Jan 2004
- Posts
- 1,769
- Location
- Staffordshire
Get out of the deal. If they want to play hardball, here's all the inspiration you need.
Pics of my new car!
- Thread starter James07
- Start date
- Status
Its not a HP/lease agreement, its a loan effectively, the car belongs to him. He's screwed until the very end unless he had the common sense to take it back
From carcraft website:
That's quite a few people if that's true, but I'm not sure what percentage of those people will have paid monthy, but I imagine it would be the majority...
I guess not everyone reads the small print or even looks at how much they actually pay in total (which seems to be the case here!) so I'm not sure how often people will actually try and cancel the deal?
Regardless, I guess they're making a lot of money if the figures are true, say they make an average of £1000 per deal, that's 50 million a year turnover!
Its probably their advertising that makes people believe they're a good place to buy a car from.
Things like their 120 point pre-delivery inspection
. Plus you can drive away the same day \o/. http://www.youtube.com/watch?v=XH-u5Axg3Do - LOL @ all the comments, pretty much saying what we are saying to the OP.
Its the same with Safestyle windows, people go with their astronomical prices because of the adverts.
Soldato
- Joined
- 11 May 2007
- Posts
- 9,084
- Location
- Surrey
There should be Darwin awards for this kind of thing.
No it isnt, its in their terms and conditions, the car belongs to them until the debt is paid, its also referred to as a finance agreement and therefore is subject to the consumer credit act.
![[FnG]magnolia](/styles/overclockers/avatars/9.png){kind=avatar}
Caporegime
- Joined
- 29 Aug 2007
- Posts
- 28,726
- Location
- Auckland
I keep coming back to this thread like that unforgettable ex we've all had who was incredibly stupid but put a big old smile on your face.
Associate
- Joined
- 30 Nov 2003
- Posts
- 2,211
Not unless the buyer agrees to settle the finance.
The interest for the whole term is also added on right away so if he wanted to pay it off tomorrow he'd still have to pay x years amount of interest. Or so I believe. It's shocking that it's even allowed.
It's like people have said though, it's aimed at people like this.
He's seen the ammount he's gonna be re-paying.. not shopped around properly and they've seen him coming a mile off.
Unless you've done something really, really bad finance wise there is no reason you couldn't of got a better deal through the dealer.. or even a decent smallish loan through your bank.
His dad applied for credit in his name which was rejected but he still tried again which screwed up his record. Had he of reported the fraudulent applications he could have almost certainly of been able to get a bank loan. I got my loan with no credit history from my building society which was for 1k over one year and it worked out I was charged about £80 for the loan.
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
You are almost as bad as he is with your numerous cars you didnt think through but hey who cares its £x per month finance deals.
[TW]Fox;14276914 said:
I beg to differ. Ok maybe with the Focus that one I will admit I didn't think it through and I ended up getting rid of it 3 months later, the Cooper was just a dog mechanically and the Cooper S touch wood is fine, no problems except with having to replace consumables.
The only thing it's had done warrenty wise is the Engine mounts BEFORE I picked it up.
It's not like I owe the earth on it either. At least the difference is that with all the interest and everything added I only owe a few hundred over the cars value atm.
Soldato
- Joined
- 20 Aug 2003
- Posts
- 6,703
- Location
- Pembrokeshire
Longest thread I ever read!
I hope you enjoy the car fella, for a looong time.
I must add the following before I go.....
You silly sod!
I hope you enjoy the car fella, for a looong time.
I must add the following before I go.....
You silly sod!
- Status