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Finance -not seen this before ??
Checkcheck2016
Posts: 4 Newbie
Hi
I'm a newbie so apologies if I get anything wrong, ok here's my question, two years ago I took out a finance deal to get a car, I suspect that the price of the car I was buying was 'inflated' to enable me to get the finance and cover my negative equity, because what I'm paying is way over the odds for my car and I simply can't afford it now due to a change of circumstances, I've been told that if this has happened I can 'pull out of the agreement' but how can I check if this was done in the first place and how do I go about cancelling the deal ?
I hope this makes sense I've tried to keep this simple, just one more point to make the deal was done through a car dealership group, so not a little 'back street garage'
I hope someone can help, thank you
I'm a newbie so apologies if I get anything wrong, ok here's my question, two years ago I took out a finance deal to get a car, I suspect that the price of the car I was buying was 'inflated' to enable me to get the finance and cover my negative equity, because what I'm paying is way over the odds for my car and I simply can't afford it now due to a change of circumstances, I've been told that if this has happened I can 'pull out of the agreement' but how can I check if this was done in the first place and how do I go about cancelling the deal ?
I hope this makes sense I've tried to keep this simple, just one more point to make the deal was done through a car dealership group, so not a little 'back street garage'
I hope someone can help, thank you
0
Comments
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There's no right to pull out of a finance agreement because you agreed to pay more than you think the car is worth.0
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The contract you signed was your agreement to pay a set amount for your car. You cannot "pull out" of this simply because you suddenly think the price you agreed was too expensive.Checkcheck2016 wrote: »I suspect that the price of the car I was buying was 'inflated' to enable me to get the finance and cover my negative equity, because what I'm paying is way over the odds for my car and I simply can't afford it now due to a change of circumstances, I've been told that if this has happened I can 'pull out of the agreement'
Take issue with whoever gave you this "information" and quickly seek debt help if you are struggling to pay.0
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