Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Returning car to finance company
Comments
-
Yes if the agreement is hire purchase and not a loan.
Add up the deposit and monthly payments you have made - if the total is equivalent to the half HP price figure shown on your document then you can voluntary terminate the agreement.
A Vt marker will be put on your credit file which should not be a detriment.
However you may find it difficult to get HP on a car in the future unless you are prepared to put in a large deposit0 -
Thank you standupguy :T0
-
i have a car on finance, i am struggling to make the monthly payments of £180, which i have managed to reduce from £350 per month. I have paid just under £10,000 but the intrest is £19,000 ! my monthly payments are not even clearing the £250 intterest they are charging. would i be better off handing the car back, and would i still owe the interest ?0
-
Depends on a number of factors, but VT is not usually available if you are in arrears.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards