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stuck with Hire purchase

MARKBLACK
MARKBLACK Posts: 92 Forumite
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

  • 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.
  • 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?
  • 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.
  • 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
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