Have a new car on car finance ,however I can't afford the repayments.

viktory

peter5710 wrote: »

Who made it your job to judge?

Erm, the OP invited our thoughts and opinions by posting the thread.

It is very, very unlikely the OP has been made redundant as they would have mentioned it.

peter5710 wrote: »

What kind of mileage have you put on it? If it's only a few hundred, I would try and sell it privately for a couple of thousand less than the purchase price, if you are lucky enough to sell it, get a loan for the balance, and pay off the finance company. If the finance company siezes the car, they will auction it off for peanuts. It will be an expensive lesson, but you will owe less than if they just take the car back.

The OP won't be able to sell it privately as there is finance on it. Anyone that checks will know - and anyone buying a high value car will do a HPI check.

peter5710

Of course you can sell a car privately that has finance. Just as long as payment from the purchase goes directly to the finance house, plus any shortfall.
I have just sold my car privately, it had finance, the buyer paid the finance company by telephone from my house using his debit card, and paid me the balance.

By doing this, the finance company then confirms that the car is then clear of finance.

ILW

I made be wrong but I think the official diagnosis of the OPs condition is known as "silly little girl syndrome"

PNPSUKNET

think I kinda have to agree with the facts presented. the op had the green eyed monster appear. I really cant see the finance company buying back on vt, not only but bet did thousands of miles around europe.

brettarider

iolanthe07 wrote: »

Anyway, I reckon that this is a wind up..nobody could be this stupid.
.

Oh yes they could! the Ex wife family were a bunch of dingles with a pants credit rating. Her mum and partner decide to get a "new car" from one of the car superstores just off the M57. Anyway they go in most credit companies rightly refuse them 9 hours later the salesman is still trying to get them credit (why is beyond me). Eventuality some company decides to accept them. So off they come home that night with a Toyota Avensis. Only for them to start to realise they cant afford it and try to get out of the deal. Wrangled on for a few weeks but in the end they got out the aggrement with CA dealing with it.

All I can say is thank F I'm rid of the chav's

Mattchew

stephane wrote: »

How on earth can you make a mistake like that!!!! and realise after a week on holidays that you can't afford it. I have read some daft tread on here but this one has to be on top of the list....

fantastic play on words :P

**Upsy_Daisy**

Inactive wrote: »

So can plain stupidity, if a person has mental health problems they quite simply should not be entering in to any financial commitments such as this, they should seek help.

A peron with manic depression can run up £10,000's of debt in a few days during their manic phase - when they hit on the downer and realise what they've done they often commit suicide

Wonder where the OP went?