Car is a right off - still have 4years to pay......help me get out of it please.

sandraroffey

similar thing happened to a friend of mine, totalled his car on 3rd party fire and theft then spent the next five years paying it. poor sod. however, when my son had a new motorbile on finance and he had a smack, the finance was totally covered for the whole of it because it was caused by a third party.

you can only ask. good luckxxxxxx

petermb_2

I bet some of you have never posted a single bit of good advice, ever.

You must lurk in the background until you can see a post that you can pounce on and have a sly dig at and then Smurk by thanking the poster with the most smug reply.

Do you do that to get out your frustrations at being hen pecked at home or what?
My God , you guys are so sad.

MrsTinks

Being a young driver isn't cheap - over 12 years ago when I got my first car I paid well over £1000 for 3rd party on a £700 Polo C... and that was with my parents as named drivers which meant the insurance company were willing to give us a discount.
Unfortunately there isn't really a get out of the contract - you failed to insure the car in accordance with the agreement (your insurance company have nothing to do with the type of cover you should have in accordance with your HP agreement...).
So... if the car is a write off you're going to have a bill for the original car and the cost of a new car...
Expensive lesson unfortunately.

Gorgeous_George

Elize wrote: »

... so they will claim that I was too close to break in time.

Au contraire, you did break in time. :whistle:

Have you got a dad? Someone you respect who guides you through life?

I'm never amazed at how stupid some people can be but that's not what you want to hear.

My advice is (as I would give to my own children after reminding them how stupid they are):

1. Save £500
2. Buy a car with a Group 1 insurance rating for £500
3. Enjoy the luxury of driving a car that belongs to you while you earn some No Claims Bonus (this could take you a while)
4. Continue paying Welcome Finance until the debt is repaid

Sometimes it seems that people are determined to learn by their own mistakes rather than those of others. However, if just one know-it-all chav teenager can learn from your mistake, it will not have been in vain.

Think yourself lucky that you were not injured and that the bus wasn't my kid.

Oh, and it's Hire Purchase.

GG

Gorgeous_George

Off topic but what really bugs me is that the OP will probably NOT receive a fine or penalty points on his license.

When I got done for speeding at 35mph I was fined £60 and awarded 3 penalty points. That was after driving for 17 years without an accident and having covered over 200,000 miles.

GG

Aspiring

Elize wrote: »

- - - - - - -
I just can't afford to do this and need a car to get to my job that starts before public transport runs. - - - - - -

Firstly, you have just paid the high price of "experience" and you're going to have to chalk it up as such.

Secondly, you can afford the repayments. You were able to afford them before the accident and your income hasn't altered. You need to get your head around this because otherwise, you are heading for a costly bout of "knock on consequences" experience.

Even though you will still have to make the repayments, don't forget, you no longer have insurance premiums, road tax or fuel to budget for and this releases some cash from your expenditure to use in other areas.

Do you really, truly need a "car" to get to work? You probably really, truly "want" a car to get to work, but that is quite different.

What distance are we actually talking here?
What hours are we discussing?
(If we knew that, we might be able to offer some practical advice that might assist you).

Have you looked into the times of public transport or are you simply assuming?
Is your job shift work, or set hours? Is it possible to explain to your manager/supervisor about your transport issues and swap your hours around to make it possible for you to use public transport?
Is it close enough to cycle?
If it is too far to cycle, could you purchase a 2nd hand moped? Far cheaper to run and insure than even a 2nd hand old banger.
Could you car share and contribute towards the petrol/diesel with a colleague?

Losing your car is like having your legs chopped off and it's easy to feel that life has become 1000 times harder as a result: but, you haven't had that luxury for long enough to be too, too hindered by this. How did you manage before you could drive/owned a car? Having to pay for something you no longer have, is also galling. The two together make it hard to see the wood for the trees and makes you feel like you are in a blind alley with no options. But do try to think laterally. It's the end of the car, but not the end of the world.

~Brock~

Aspiring wrote: »

Firstly, you have just paid the high price of "experience" and you're going to have to chalk it up as such.

Secondly, you can afford the repayments. You were able to afford them before the accident and your income hasn't altered. You need to get your head around this because otherwise, you are heading for a costly bout of "knock on consequences" experience.

Even though you will still have to make the repayments, don't forget, you no longer have insurance premiums, road tax or fuel to budget for and this releases some cash from your expenditure to use in other areas.

Do you really, truly need a "car" to get to work? You probably really, truly "want" a car to get to work, but that is quite different.

What distance are we actually talking here?
What hours are we discussing?
(If we knew that, we might be able to offer some practical advice that might assist you).

Have you looked into the times of public transport or are you simply assuming?
Is your job shift work, or set hours? Is it possible to explain to your manager/supervisor about your transport issues and swap your hours around to make it possible for you to use public transport?
Is it close enough to cycle?
If it is too far to cycle, could you purchase a 2nd hand moped? Far cheaper to run and insure than even a 2nd hand old banger.
Could you car share and contribute towards the petrol/diesel with a colleague?

Losing your car is like having your legs chopped off and it's easy to feel that life has become 1000 times harder as a result: but, you haven't had that luxury for long enough to be too, too hindered by this. How did you manage before you could drive/owned a car? Having to pay for something you no longer have, is also galling. The two together make it hard to see the wood for the trees and makes you feel like you are in a blind alley with no options. But do try to think laterally. It's the end of the car, but not the end of the world.

That, if I may say so Sir, was a fantastic post and the advice given was spot on.

To the OP, you run the risk of adding to your woes if you stop the payments to Welcome, because your credit rating will be trashed - thus putting the tin hat on any chances of getting yourself back into a decent car further down the line.

To others that have mentioned GAP insurance. This would have been of no use to the OP wthout fully comp insurance being in place.

lifesuckssometimes

Pay off Getlost finance. Save for as said a 1lt pop pop car, learn from your experience,
Your only young and we all make mistakes.

sieve

Gorgeous_George wrote: »

Off topic but what really bugs me is that the OP will probably NOT receive a fine or penalty points on his license.

When I got done for speeding at 35mph I was fined £60 and awarded 3 penalty points. That was after driving for 17 years without an accident and having covered over 200,000 miles.

GG

Why does this bug you? You know none of the circumstances of the accident to comment - and I'm sure totalling the financed car without adequate insurance has made the OP learn a far harder lesson than £60 and 3 points could possibly do...

Gorgeous_George

Not long after my inadvertant speeding offence, somebody drove into the back of my wife's car (wife was stationary in traffic). The collision wrote my wife's car and damaged my wife's neck - an injury that may never be put right.

I think EVERY 'accident' should have 6 points attached - to be shared depending on fault. Surely, having an 'accident' is more serious than potentially having an 'accident'.

GG