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Available credit and hire purchase?

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Comments

  • eschaton
    eschaton Posts: 2,250 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Mrsteve87 wrote: »
    I was talking about the value of the car. not the type

    Value only with regards to the deposit.

    High deposit means that the risk is minimised with the loan provider if the value of the car is going to be higher than the finance outstanding. If they need to repossess then they will still get their cash.
  • Mrsteve87
    Mrsteve87 Posts: 24 Forumite
    eschaton wrote: »
    They know that the car will always be worth more than the outstanding finance.
    .


    I understand you now, but you can sort of see where i could have got that impression from? ;-)
  • eschaton
    eschaton Posts: 2,250 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I do see :rotfl:
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