Getting out of PCP

motorguy

aeroblade wrote: »

Took out a PCP for a car worth over £10k new at the age of 18! What a great way to start life, already in debt. I just hope the OP didn't persuade her partner to sign up for the PCP just so she can have a brand new car.


I didn't buy my first car till I was 21 and even then it was a 10 year old plus banger!!

I agree - madness, but i think they realise that now, so dont particular need a lecture.

aeroblade

motorguy wrote: »

I agree - madness, but i think they realise that now, so dont particular need a lecture.

I wouldn't be so sure about that! What are a lot of the younger generation doing now anyway? Binge drinking and consuming illegal substances? I wonder how much the OP and partner waste on drinks and cigarettes every week!


OP I suggest you get your priorities straight and focus on your career/education and saving up for a house.

motorguy

aeroblade wrote: »

I wouldn't be so sure about that! What are a lot of the younger generation doing now anyway? Binge drinking and consuming illegal substances? I wonder how much the OP and partner waste on drinks and cigarettes every week!


OP I suggest you get your priorities straight and focus on your career/education and saving up for a house.

You're a troll arent you?

You've made a lot of assumptions there about what the O/P and their partner do with their money, and also what their priorities should be in life.

No one died and made you God, so I dont think you're in any position to give a lecture, and thats not what the O/P came here for.

They came for help and advice.

Did your mum never teach you if you cant say anything nice, dont say anything at all?

aeroblade

I don't believe in being politically correct. We are all human after all and we're bound to make some mistakes. If certain people were not hard on me when I was around OP's age I don't know where I'll be today.

Mercdriver

How does being dazzled by the proposal turn into threatening behaviour? I suspect that the salesman persuaded hi on the basis that he'd be one of a very few number of his friends that would have a new car. "How cool is that". He had the opportunity to walk away and think about it. Years down the line is too late.

I make myself sound old when I say this, but seriously today no one seems to want to take responsibility for their own actions. You agree to something, then you've committed to it. He was old enough to be held responsible for it. Maybe the car isn't feeling as shiny and new anymore and so the payment feels like a millstone around his neck.

"You pays your money and makes your choices"

Those encouraging him to make everyone else pay for a purchase that is made in haste and regretted at leisure should be ashamed of yourselves. Companies won't lose money from this, they will siimply charge the rest of us more.

RANT OVER...

wiltsguy_2

aeroblade wrote: »

I wouldn't be so sure about that! What are a lot of the younger generation doing now anyway? Binge drinking and consuming illegal substances? I wonder how much the OP and partner waste on drinks and cigarettes every week!

OP I suggest you get your priorities straight and focus on your career/education and saving up for a house.

so as the OP is young, he must be an alcoholic, pill popping, 20 a day crackhead that was intimidated and threatened to buy a car from a dealership for £10k at the irresponsible age of 18? Really?

Many 18 year olds i know are legally allowed to be issued weapons to fight for their queen and country. I think the OP is aware he cant afford the car, mistake or not, and is looking for a way to resolve it rather than just dont pay for it, sounds responsible to me.

aeroblade

Mercdriver wrote: »

How does being dazzled by the proposal turn into threatening behaviour? I suspect that the salesman persuaded hi on the basis that he'd be one of a very few number of his friends that would have a new car. "How cool is that". He had the opportunity to walk away and think about it. Years down the line is too late.

I make myself sound old when I say this, but seriously today no one seems to want to take responsibility for their own actions. You agree to something, then you've committed to it. He was old enough to be held responsible for it. Maybe the car isn't feeling as shiny and new anymore and so the payment feels like a millstone around his neck.

"You pays your money and makes your choices"

Those encouraging him to make everyone else pay for a purchase that is made in haste and regretted at leisure should be ashamed of yourselves. Companies won't lose money from this, they will siimply charge the rest of us more.

RANT OVER...

Agreed, I was merely trying to bring out the sarcasm when the OP said her partner was pressurised and 'dazzled' by the salesman- almost as if she's looking for this as an excuse to put the blame on someone else.
People do need to take responsibility now days, mind, we all don't drive a fancy posh car like you Mr Merc so taking advice on board maybe that much harder

aeroblade

wiltsguy wrote: »

so as the OP is young, he must be an alcoholic, pill popping, 20 a day crackhead that was intimidated and threatened to buy a car from a dealership for £10k at the irresponsible age of 18? Really?

Many 18 year olds i know are legally allowed to be issued weapons to fight for their queen and country. I think the OP is aware he cant afford the car, mistake or not, and is looking for a way to resolve it rather than just dont pay for it, sounds responsible to me.

Responsible? Well the OP (which I'm sure is a she) and her partner have no choice but to cough up the money and pay back! Read the OP's first post. They want to GET OUT of the PCP and almost looks like they're looking for an excuse to not pay. We the general public will be lumbered with the bill one way or the other.


Their only other alternative is to default and get bad credit but the finance company will get their money back, probably through a longer term loan payment. I won't be surprised if we all go into another economic crisis like back in 2008!

silverwhistle

Seems like an expensive lesson, but cannot the partner cut costs in other ways or increase income with a part-time job? At least with the latter they'd have the motivation that each (let's say) bar shift was paying directly for the motor. When back on his feet he can come along here and read the bangernomics thread..;-)

aeroblade

Out of curiosity what sort of motor is this anyway? Paying comprehensive insurance for an 18 year old even for a small engine car is likely to be very expensive