Car Finance Return Options

Carlm90

Hello all,

I'll try to give you an overview of the story behind this one but I need your advice please.

I bought a car on finance in January 2011, the car has numerous faults and I complained after these came to light. They went to fix the car but they didn't fix it and they lied numerous times. Cut a long story short, the mechanic got a bollocking and and I lost all confidence in Fords and they apologised. Car wasn't fixed and I wanted a new car. In this finance plan I was on a 3 year options plan.

They since put me in a newer car and at the time of agreeing the deal, I assumed the finance was the three years option plan as previously done. When it came to signing the finance documents, I found out it was 5 year plan and they explained as if it worked the same... which I don't think it clearly does although you can trade the car in after 2-3 years.

I'm not happy with the new car. I don't fancy the idea of the five year plan so I gave the finance company a ring. They said my options are:

- Sell the car privately and pay the finance off
- Request a return of advance (I think) that will mean the trader takes the car back
- Pay for 30 months of the contract and after that time just give the keys to the finance company and that is it.

These regulations are all under my termination rights apparently. I just don't want to start it with a car that I'm not 100% happy with. Now my situation is, I have already had two cars from them and I don't think they will take the car back. The first problems with the car was their fault and I don't think I should feel like I can't take it back because of the issues I have had previously.

Can someone point me in the right direction on what they would do please? :mad:

chanz4

As their is zero faults with the second, options are, - Sell the car privately and pay the finance off
- Pay for 30 months of the contract and after that time just give the keys to the finance company and that is it.