car failing and got money left to pay

kjeams

Hi,
I bought a car 4 years ago. I've got about 8 months to go until it is paid.
Just recently it has developed a fault, one for which there are many potential causes.
The car is high mileage, approx 123,000, and now probably worth a lot less than I have got left to pay. I am trying to find the cause so I can attempt the repair myself if it is not too hard to do.

I am reluctant to spend money on it to fix the problem thinking that it could take a few attempts to find the cause and lots of money especially if I take it into a garage.

The car is bought with a "motor loan" from a well known company.

I understand that I need to pay the total amount off.

The motor loan is in my name and from the information on the loan companies website I am actually free to sell it if I want because I own it. The loan is not HP.

I assume of course, that if I sell it then I would have to clear the loan in full?

I want to get rid of it as soon as possible *in a legal way*.

So what options do I have here?

Can I still sell it and pay off the loan until it is done?

What other choices do I have?

anewman

123,000 miles is nothing for many cars.

If you describe the problem and provide details on the car you may be able to get help on what the likely problem is and how likely a given course of action will fix it.

kjeams

anewman wrote: »

123,000 miles is nothing for many cars.

If you describe the problem and provide details on the car you may be able to get help on what the likely problem is and how likely a given course of action will fix it.

Thanks. It's a 1.2 8V Clio, Y reg, petrol. DIET engine.
Rough idle and smell of petrol like it is overfueling.
When it gets to temperature it is much better but with slight misfire and minor hesitation when accelerating. already replaced leads, plugs and air filter. Garage said there was an intermittant fault in the lambda sensor but "it is working at the moment".
I'm suspecting coil pack, TDC sensor or lambda sensor. coil pack is approx £40. TDC sensor approx £15. lamda sensor approx £30. Unfortunately I don't have enough knowledge to replace TDC sensor or lambda sensor

If I can get it running reliably I'll run it till the loan is done and then try and sell it on cheap.

BYALPHAINDIA

Try changing the Fuel Filter, It could be 'clogged' or full of dirt.

Not really a hard job about an hour.

If the car is 'stalling' cutting out at junctions, Then it sounds like the above or your ECU sensor??

123,000 is about right for your car Y reg.

If you can avoid buying a car or (anything) on finance as the slightest dicrepency and they are on your back.

You can pick up a bargain of a car for 500.00 or more.

I bought a Ford Mondeo - 12 months MOT, 6 months TAX = 400.00

Runs fine no problems.

I had a car on finance years ago, And it like yours had a problem, But the finance company still wanted the payment in full, I refused and they took me to a small claims court.

I won't do finance again.

Best Of Luck.

standupguy

kjeams wrote: »

Hi,
I bought a car 4 years ago. I've got about 8 months to go until it is paid.
Just recently it has developed a fault, one for which there are many potential causes.
The car is high mileage, approx 123,000, and now probably worth a lot less than I have got left to pay. I am trying to find the cause so I can attempt the repair myself if it is not too hard to do.

I am reluctant to spend money on it to fix the problem thinking that it could take a few attempts to find the cause and lots of money especially if I take it into a garage.

The car is bought with a "motor loan" from a well known company.

I understand that I need to pay the total amount off.

The motor loan is in my name and from the information on the loan companies website I am actually free to sell it if I want because I own it. The loan is not HP.

I assume of course, that if I sell it then I would have to clear the loan in full?

I want to get rid of it as soon as possible *in a legal way*.

So what options do I have here?

Can I still sell it and pay off the loan until it is done?

What other choices do I have?

As it is a loan you can sell and continue to make the payments on the loan.

The only issue you may have is if the Finance company has registered the agreement with HPI - perhaps best to just do a HPI check to see what is registered and then speak to the Finance company about what you are thinking of doing.

A finance interest registered on the car at HPI would put off dealers and private buyers.

You could request any Finance interest to be deleted as it is not HP and the Finance company do not have title to the car - sometimes they register so they get notification when a car is sold.