Paying too much for car!!

LJW_2

Hi, not sure if this is the right board but wondered if anybody could give me some advice for my son.

My son has bought a second hand car (05 reg). He bought this 3 weeks ago yesterday on finance and stupidly with no advice from anybody!! After much discussion! with him he has now agreed that he can't actually afford the £200 per month over 5 years. He has asked the garage if they have a cooling off period and was told no. He has also asked if they would buy it back and was told they would but he would then owe them about £1000 but also to wait till next month! but unsure why.

Does anybody have any advice I could pass on?

Please please could you help!

postingalwaysposting

havent got any advice for this ljw but heres a bump

Gemmzie

Hmm not really sure, have you tried asking on the motors board?

I'm pretty sure you get 14 days cooling off on ANY credit agreement though

Burlesque_Babe

if it is over 14 days ago since he took out the finance agreement, he might not have a leg to stand on for them just to take it back.

There should be a cooling off period, what does the credit agreement say?