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Car finance advice please- getting rid of neg equity??
Comments
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londonTiger wrote: »its best to be safe and physically remove the fuse or other component from the airbacg rather than deactivate it by a switch. After all it could be put back in from the jolt of the accident or driver may forget to disable it before the drive etc.
Better the devil you know I say, I'd be much more comfortable knowing the airbag was physically disabled than on some setting in the computer which I'm not sure to what extent it deactivates.
Are you seriously suggesting tampering with the airbag components?0 -
Captain_Flack. wrote: »Are you seriously suggesting tampering with the airbag components?
im elaborating on what others have suggested above. Ultimatel;y i think its best to get a 5 seater car than this.
Why dont you pick on the other posters above rather than picking on me all the time?0 -
londonTiger wrote: »I was referring to OP buying a 7K car after "receiving" the 15K. That would give them 8K in cash,
They owe 17k and sell the car for 15k where does the 8k come from?
Let's make it easy for you.
You sell your bmx for 15 apples but you owe john 17 apples. When you give him all your apples you still owe him 2 apples.
Where do you get 7 apples to buy a skateboard and have 8 left over?0 -
londonTiger wrote: »im elaborating on what others have suggested above. Ultimatel;y i think its best to get a 5 seater car than this.
Why dont you pick on the other posters above rather than picking on me all the time?
I'm not picking on you, just pointing out your idiotic posts. I do the same with others, oh hold on they don't make them do they?0 -
londonTiger wrote: »
diffiicult situation. this is precisely why MSE users shun buying car on finance. Because when your circumstance changes you have to sell the car and left with a massive debt hanging over you and nothing to show for it.
I dont necessarily think "we" do.
I have no particular issue with a car being on finance - it suits a lot of people a lot of the time.
This is quite an unusual situation, the O/P "needs" to move from a convertible to a family car inside a 6 month period, after buying new, and also they have no cash to put in to resolve the situation.
Had the O/P bought the car for cash, they'd still be looking at taking a serious financial bath anyway.londonTiger wrote: »
baby seat on tghe front passenger of a roadster seems quite complicated and it appears you have to do a few trade off the law vs insurer vs mot tester if all the above is true^^
Its "an option". My point - and that of others - is to think laterally about what else might work first, for example, using her partners car, using her current car, etc. A baby is only in a rear facing seat for a relatively short period of time, therefore it might be a bit extreme to be selling the car, when it might well suit medium to long term.0 -
NO.. lol
They have to give the finance company £17,000+ of that £15,000 which is £2000 short...
Where does the £8000 come from?
Sell the car. Pay the finance and still owe £2000.Censorship Reigns Supreme in Troll City...0 -
forgotmyname wrote: »NO.. lol
They have to give the finance company £17,000+ of that £15,000 which is £2000 short...
Where does the £8000 come from?
Sell the car. Pay the finance and still owe £2000.
Worrying ain't it?londonTiger wrote: »they're not cheap, try borrowing one from another horse/stable owner. Offer a much smaller fee.
I have a rental company for events and have to admit we do charge quite a bit but that's factoring in corporate clients, if we get personal inquiries we're forthright with them and just tell them we sepcialise in b2b for events and our prices won't suit individuals.0 -
londonTiger wrote: »diffiicult situation. this is precisely why MSE users shun buying car on finance. Because when your circumstance changes you have to sell the car and left with a massive debt hanging over you and nothing to show for it.
If it helps taking 15 grand for a car with 17K left on it is probably a fair trade. If you downsize to a 7K motor you'll have 8K left to spend on baby stuff - which can be expensive. Just get something uber reliable.
baby seat on tghe front passenger of a roadster seems quite complicated and it appears you have to do a few trade off the law vs insurer vs mot tester if all the above is true^^
Bigdh likes a bit of finance and you can see why car giant are just in London.londonTiger wrote: »diffiicult situation. this is precisely why MSE users shun buying car on finance. Because when your circumstance changes you have to sell the car and left with a massive debt hanging over you and nothing to show for it.
If it helps taking 15 grand for a car with 17K left on it is probably a fair trade. If you downsize to a 7K motor you'll have 8K left to spend on baby stuff - which can be expensive. Just get something uber reliable.
baby seat on tghe front passenger of a roadster seems quite complicated and it appears you have to do a few trade off the law vs insurer vs mot tester if all the above is true^^
Makes trigger look sharp.0 -
forgotmyname wrote: »NO.. lol
They have to give the finance company £17,000+ of that £15,000 which is £2000 short...
Where does the £8000 come from?
Sell the car. Pay the finance and still owe £2000.
ok gotcha, i thought you can still keep the debt and sell the car on. Just realised that you have to clear all debts before selling.0 -
londonTiger wrote: »ok gotcha, i thought you can still keep the debt and sell the car on. Just realised that you have to clear all debts before selling.
:wall:
Use google or phone a friend?0
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