Starting again, 1% at a time. 100 ways to make £80!

happytails

Glad you are having a MSE style birthday and enjoying it :beer:virtual beer all round!

Well im going to chance my luck with the finance company ive got my car with. I want to give it back so to speak and wipe off my finance/debt (£4500 worth). I think theyll say no as im not looking to get another car on finance for a fair while BUT they could easily sell it for £5500 and we had a 0% interest deal and they arent doing that anymore so anyone who buys it will be paying interest too so theyll get money that way. worth asking i think as its a popular eco car and its only 3 years old, under 40k on the clock and mot and tax until next march wish me luck. It would save us £93 a month AND then i wouldnt have to worry about a 2k balloon payment in 2 years on a car i wont use as its a 4 seater and we will be a 5 person family from November lol

Hope that made sense?x

lesgeo2012

happytails wrote: »

Glad you are having a MSE style birthday and enjoying it :beer:virtual beer all round!

Well im going to chance my luck with the finance company ive got my car with. I want to give it back so to speak and wipe off my finance/debt (£4500 worth). I think theyll say no as im not looking to get another car on finance for a fair while BUT they could easily sell it for £5500 and we had a 0% interest deal and they arent doing that anymore so anyone who buys it will be paying interest too so theyll get money that way. worth asking i think as its a popular eco car and its only 3 years old, under 40k on the clock and mot and tax until next march wish me luck. It would save us £93 a month AND then i wouldnt have to worry about a 2k balloon payment in 2 years on a car i wont use as its a 4 seater and we will be a 5 person family from November lol

Hope that made sense?x

I think they can take it back after you have made over half the payments!

bpsp10

@happytails - can you not sell it privately?

happytails

lesgeo2012 wrote: »

I think they can take it back after you have made over half the payments!

Oh We are a loooong way off that. Approx another 19 months paying £93 And i wont be using it after November *sigh* Still going to ask them, worth asking anyway, even if im 99% sure theyll say no, maybe they can waiver these things?

happytails

bpsp10 wrote: »

@happytails - can you not sell it privately?

I can try. Need to cover the finance and early repayment charge. Really not too bothered if i dont get any extra out of it. I just want to get straight. I just think an advert with the words 'finance agreement' is going to put off ALOT of people

bpsp10

@happytails

You don't need to mention the private finance; just work out how much the absolute minimum you can sell it for and add 10% (because people are going to haggle you down!).

Then once you've sold the car, you can pay off your car loan.

In 1% news... I've just paid 1% out of my wages (decided I didn't want to be on 0% another day!!) :rotfl:

Little_Miss_Uni-Debt

@happytails - that would be a huge saving and would potentially make it easier if you need to get a bigger 5+ plus person car in the future.

happytails

bpsp10 wrote: »

@happytails

You don't need to mention the private finance; just work out how much the absolute minimum you can sell it for and add 10% (because people are going to haggle you down!).

Then once you've sold the car, you can pay off your car loan.

In 1% news... I've just paid 1% out of my wages (decided I didn't want to be on 0% another day!!) :rotfl:

I've read that that's illegal

Little_Miss_Uni-Debt

@happytails - also people to a check now to see if there is any outstanding finance on the car before they buy it. It's best to go the direct route and avoid any comeback.

shrimpy_80

Happy Birthday Little Miss!

I am going to set myself the goal of getting to 25% by the end of the month (including money from wages) as I really really really want to be debt free by the end of the year and it is so doable. I have restarted my £2 tin which I am hoping will provide a % or two in time, and have some small bits on ebay. Also I started Body shop at home a while ago and have a party this Sat, which should be another % at least, fingers crossed. We will get there!