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Audi car finance

2

Comments

  • k3lvc
    k3lvc Posts: 4,174 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    kteara wrote: »
    Finance is such a bad idea

    Explain ??
  • darrenbilly
    darrenbilly Posts: 32 Forumite
    Part of the Furniture 10 Posts
    kteara wrote: »
    Finance is such a bad idea

    I disagree. It's great if used right. Circumstances change and we grow up.
  • darrenbilly
    darrenbilly Posts: 32 Forumite
    Part of the Furniture 10 Posts
    k3lvc wrote: »
    1) Phone VWFS in the morning & ask them for a settlement figure
    2) Get your valuation (£17k ?) in writing
    3) Assuming the 17k valuation is more than the settlement figure then sell your car to them and pay off finance

    Simples

    If valuation is lower than settlement figure then repeat steps 1 & 2 every month until they balance

    A concern is that I am black listed for coming out of the agreement early. Is this likely or should I seek written confirmation that this will not happen?
  • [Deleted User]
    [Deleted User] Posts: 35,383 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    darrenbilly wrote: »
    A concern is that I am black listed for coming out of the agreement early. Is this likely or should I seek written confirmation that this will not happen?

    That doesn't happen.
  • k3lvc
    k3lvc Posts: 4,174 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    darrenbilly wrote: »
    A concern is that I am black listed for coming out of the agreement early. Is this likely or should I seek written confirmation that this will not happen?

    I've voluntarily terminated a VWFS agreement (i.e handed car back after 50% payments) and no mark on my credit record. VWFS may well hold internal records of VT's in case you applied through them again but they don't seem to share them
  • Gaz83
    Gaz83 Posts: 4,047 Forumite
    1,000 Posts Combo Breaker
    darrenbilly wrote: »
    A concern is that I am black listed for coming out of the agreement early. Is this likely or should I seek written confirmation that this will not happen?
    If you settle the finance, you can't be blacklisted.
    "Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."
  • darrenbilly
    darrenbilly Posts: 32 Forumite
    Part of the Furniture 10 Posts
    I'm pleased to hear that blacklisting won't be a consequence. I shall seek the outstanding balance to settle and get an up to date valuation. I will consider selling privately (if allowed) so that I can get as much money as possible, that way I may have some left over to put down a deposit on a cheaper vehicle.

    Is it possible a different manufacturer, say Peugeot, would work with the financier to settle the debt, take my car and sort out finance on something cheaper, or is that not something that happens in general?

    Thank you all
  • k3lvc
    k3lvc Posts: 4,174 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Yes - another dealer/manufacturer can settle the finance for you if they take your car in p/x
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    k3lvc wrote: »
    Yes - another dealer/manufacturer can settle the finance for you if they take your car in p/x



    they maydo, what ever its saying online go on cap as this is what dealers use to buy trade ins
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • darrenbilly
    darrenbilly Posts: 32 Forumite
    Part of the Furniture 10 Posts
    k3lvc wrote: »
    Yes - another dealer/manufacturer can settle the finance for you if they take your car in p/x

    I glad to hear other makers may be able to help with part x. The ideal outcome would be getting rid of the Audi, having settled its finance and having a relative sum as a deposit on a new vehicle for around £200 a month. That would save a handsome sum!

    Thanks for all of the input
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