Would it be cheeky to hand the car back now ;)

Julesiep

Ok. So I got a car on fixed-sum loan in 2006. Failed to meet repayments and slapped with a CCJ in 2009. I tried to sell the car last year to find it is flagged as having outstanding finance so I couldn't sell. I was advised on here that I could write and demand the flag is removed. I decided to leave it as not to rattle The creditor's cage and to continue to use the car until totally run into the ground. Anyway the car will not pass the next MOT so totally unsellable now. I think I have to pay to scrap it, can I do that with a flag. Or should I give back an unroadworthy car. Is that naughty?

ChrisCostCutter

So you got a car in good faith on finance, then didnt pay for it as agreed and now you want to hand it back as you have fooked it into the ground?
No wonder this country is !!!!!!ed with attitudes like that. No responsibility for your actions at all!

simeyb

Is the loan you took out for the car in 2006, part of your DMP which your signature says you've paid £39k out of £50k and presumably intend to finish? If so, you are paying down the car loan? So the second poster is perhaps overstepping the mark a little with their comments?
Secondly, was the loan secured on the car as opposed to an unsecured personal loan? If so, and having issued a CCJ in 2009, it would have been possible for them to have taken the car back then presumably? I agree with the other poster to the extent that "did you have to run it into the ground" but to be honest, if you have been paying the loan under a DMP, albeit with interest frozen, then like you, so many years into my DMP that I have scrapped and gone without for so long, f&*k the banks for any interest foregone.
If you aren't paying the loan at all then the second poster's comments stand!!!

The_Boss

Cheeky, no.

An absolute bloody disgrace - yes.

beth3735

Am i right in thinking that you didn't pay for the car, or hardly any of the car. You used it for the past 7 years till its falling apart, now you want to hand it back to write off the CCJ amount?

If only it was so easy, we would all be doing it.

If its part of your DMP then its worth another check seeing what you can do to remove that flag just so you can scrap it or even sell on Ebay as spares. I sold a 'spares' car for £230 a while back. If it is on the DMP then they will in the end get their money anyways.

olivia84

i would have said that the finance you got for the car would have been a personal car loan and not secured on it?? otherwise they would have repossessed it when you stopped paying for it??

if it was a personal car loan you had then i would say that the creditor wouldn't be able to list the car as having finance on it but then maybe you were two thirds of the way through the finance (if it was hire purchase and secured on the vehicle) and they couldn't have taken it off you anyway.

it's a difficult one. either way, the car is of little value to both of you now so i would scrap it if were you. if it's not roadworthy then you can't sell it anyway. as someone else has said, if you have included this car loan in your DMP then you are paying it back (albeit alot later than you should have) i'm thinking scrappies won't bother about it flagging up as having finance. what are you supposed to do with it if it's not roadworthy, keep it on your front lawn?

hope you get it sorted

x

olivia84

oh - and also; if you were given a ccj because of this finance then you would have been made to pay it back am i right?? is that not what ccj's do? a court demands that you pay it back surley? so i think the previous comments are a bit unfair, as you have probably paid more than you were given.

i had finance on a car years ago, and at that time you were allowed to do a Voluntry Termination, wherby, as long as you had paid back half of the finance, you could legally give the car back to the finance company. your credit rating wasn't affected and it was in the terms and conditions of the agreement.

i did this with a wee fiesta, and when i worked out what i'd paid and what the finance company would probably have got when the sold the car, they probably just about broke even.

this was legal, above board and in the terms and conditions, but ithers may say that this could have been morally wrong as well because the finance company probably didn't make a penny out of it.

olivia84

oh and one last thing (sorry, i know i'm going on) i don't think there's anything morally wrong with giving them the car back now, even if it is ran into the ground. even if they get £200 scrap value for it, it's better for them if it's in their pocket than if you scrapped it yourself and kept the cash.