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Can I vt a car loan early motornovo
Hi i currently have a car on finance with motornovo im 9 months away from the 50% mark can i pay the the 9 payments early and vt now or would I need to wait for the time to pass aswell?
The reason i ask is ive bought a new car with a bank loan with a spare 2.5k to pay off the finance on the old one the problem is that ive only been offered £2400 for it and i still owe £5121± a payment of 147.99 on the 15th whick means ill be about 369 short when i thought id be over.
If i could pay tge next 9 payments it would only be £1323 and ill be £1177 better off
Help
The reason i ask is ive bought a new car with a bank loan with a spare 2.5k to pay off the finance on the old one the problem is that ive only been offered £2400 for it and i still owe £5121± a payment of 147.99 on the 15th whick means ill be about 369 short when i thought id be over.
If i could pay tge next 9 payments it would only be £1323 and ill be £1177 better off
Help
0
Comments
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You can do it at any time you've paid 50% of the total amount payable (including any fees, etc.)."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."0
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thanks ill get on to them now 0 -
Called them up for a settlement figure then mentioned the vt they where fine told me all I needed to know but also offered a reduced settlement figure by nearly £1000 which will leave me in the black without any hassle think this route will be easier. Problem i have now is the car is sorn and not insured ill need to take it to webuyanycar what's the legalities with this?0
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You need to tax & insure it if you are going to drive it to WBAC. IIUC there are some companies that specialise in one day/short term insurance.0
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Thanks just spoke to my insurance company its £31for the day to insure it ill have to tax it and sorn on the same day :undecided:0
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If you plan to VT the car, what is it you plan to sell through WBAC??
I thought you'd borrowed more than you needed to buy a new car and were using the extra to pay off the contractual amount owed to be able to VT? Don't you normally give the car back when you VT..?LBM July 2006. Debt free 01 Sept 12 .. :T
Finally joined Slimming World: weight loss 33lbs...target achieved 51wks later 06.05.13 & still there :j
Aim to be mortgage free in 2022. Jan 17 33250 Nov 17 27066 Mar 18 24498 Sep 18 20608 Nov 18 19250 Jan 19 17980 Mar 19 16455 May 19 15024 Nov 19 10488 Feb 20 8150 May 20 5783 Aug 20. 3305 Nov 20 859 Mortgage free, 02.12.20200 -
Read post #4 - the finance company have offered a reduced settlement figure.Vikipollard wrote: »If you plan to VT the car, what is it you plan to sell through WBAC??
I thought you'd borrowed more than you needed to buy a new car and were using the extra to pay off the contractual amount owed to be able to VT? Don't you normally give the car back when you VT..?Optimists see a glass half full
Pessimists see a glass half empty
Engineers just see a glass twice the size it needed to be0 -
you do know that you are required to insure fully comp any car on hp.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.0
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