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Car top up loan help!!

Hiya im a newbie to this been in the background for quite a bit and would like some advice off some of you experts :) I recently bought a car on finance and got a top up loan with the car also and on my credit agreement under the section "goods and services" there is my loan and below it says "guarantee" and theyve added £2,000 on with that and was wondering if any of you had any answers as to what it is thank you any help appreciated :)

Comments

  • DCFC79
    DCFC79 Posts: 40,610 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    No idea, call the Finance Co is what I suggest.
  • gazman100
    gazman100 Posts: 180 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    So not wanting to sound a bit harsh - but did you not at least look at the figures when you signed the credit agreement?

    Is finance from the car company? If so it sounds like it could an after sales guarantee on the car, and if it is you should have paperwork for it.

    Oh - and welcome to the boards :beer:
  • Sounds like you've been signed up for a used car guarantee, and they've charged you a hefty price for it too. Is the £2k you mentioned the price of the 'guarantee' before or after interest has been added?
    "There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock
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