We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!

stuck with Hire purchase

MARKBLACK
MARKBLACK Posts: 92 Forumite
in Loans
Hi, I have 2 cars on HP - this is going to cost me an arm and a leg, I realise I can hand them back after 30 months, but I will have paid £7,500 on one of them and still have no car. I don't know where to turn with this any help would be appreciated.

Comments

  • dacdesigns
    dacdesigns Posts: 136 Forumite
    I have just handed a car back after paying £7,500 over 2 and a half years. Am I happy about this??? Too right im happy, the last thing I wanted to do was pay another £7,500 for a car worth 3k.
  • dacdesigns
    dacdesigns Posts: 136 Forumite
    Plus I forgot to say I am now £240pm better off :)
  • ILW
    ILW Posts: 18,333 Forumite
    MARKBLACK wrote: »
    Hi, I have 2 cars on HP - this is going to cost me an arm and a leg, I realise I can hand them back after 30 months, but I will have paid £7,500 on one of them and still have no car. I don't know where to turn with this any help would be appreciated.

    Why did you agree to the deal if you didn't want to make the payments?
  • ~Brock~
    ~Brock~ Posts: 1,715 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ILW wrote: »
    Why did you agree to the deal if you didn't want to make the payments?

    Because it was nice and shiny?
  • MARKBLACK
    MARKBLACK Posts: 92 Forumite
    ILW wrote: »
    Why did you agree to the deal if you didn't want to make the payments?

    love the support - I wasn't thinking straight at the time it was 14 months ago.
  • MARKBLACK
    MARKBLACK Posts: 92 Forumite
    dacdesigns - it looks like I'm not the only one then. by the time I hand mine back it will be worth about the same as yours.
  • flexrider
    flexrider Posts: 745 Forumite
    what would it coast if you asked them for a settlement? just wondering
    "MSE Money saving challenges..8/12/13 3,500 saved so far :j" p.s if i been helpfully please leave me a thank you but seek official advice at all times from a pro
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture