New car and finance

huddy1

Hi

I'm after some advice - I went window shopping about 10 days ago to car craft and ended up walking away with a car and ever since I've felt like i've been had.

It's entirely my fault as I've signed agreements but I got a car on finance with a crazy high interest rate.

They let me test drive a few and mean while they applied for credit for me to lots of place and they managed to get it with rate setter or something, but they couldn't lend all the money so car craft lent me the rest.

I'm now stuck with this car and huge finance which I can afford but I don't want to be in so much debt really.

I feel like from the minute i walked in I was sucked into the physcological system designed to make me buy a car.. and no i regret it slightly.

Is there anything I can do after the 7 day cool down time? I don't really know what todo.. I would appreciate any advice.

Thanks
Huddy

DUTR

Learn from your error, enjoy the car now that you have it.
If you can afford the finance , then a personal loan would have probably got you a lower mileage newer model for less money.

forgotmyname

You have been had. Not the first or last. My sister bought one from them.

Luckily hers turned out to be reliable. Read some serious horror stories.

You paid too much for the car, And the finance wont be the best. Unless you can get a loan from elsewhere to settle it all your going to have to lump it.

See if you can may overpayments or pay it off early and cut back to do that ASAP.

A mate went there and he said it was like walking into a pack of vultures. They decended upon him before his 2nd foot had entered the door.

gilbert_and_sullivan

Read the finance agreement carefully, you might be able to pay it off early but i suspect the interest you would have paid over the full term will apply regardless.

Dangerous walking into an expensive finance den.

harrys_dad

The problem with buying in a place like that is that they make much more money from selling the finance than they do from selling the car. Read your finance agreement carefully but I don't hold out much hope.