PCP Shortfall

AdrianC

danwoodward wrote: »

Anyway thanks everyone for your advice. I have rang this morning I managed to get the debt wiped but have pay a £250 charge which is a lot more affordable.

I'm very surprised indeed - you're a lucky guy. That's a very generous move indeed from the lease company. Was it contingent on you sourcing your replacement car through them?

Nasqueron

dannyrst wrote: »

Or just leave a safe gap, that way it doesn't matter if someone brakes sharply because you can stop in time. And it doesn't cost £50 to do that.

Leaving a safe gap is fine.

When a car pulls in front of you, slams on the brakes and no witnesses around, not a lot of use having a safe gap.

motorguy

AdrianC wrote: »

I'm very surprised indeed - you're a lucky guy. That's a very generous move indeed from the lease company. Was it contingent on you sourcing your replacement car through them?

It wasn't a lease

AdrianC

motorguy wrote: »

It wasn't a lease

YKWIM. Finance company.

motorguy

AdrianC wrote: »

YKWIM. Finance company.

Fair enough, but very different rules apply if its a lease. Just ensuring thats clear for people.

Personally i'm surprised too that the finance company offered more of a discount - they are rarely amenable....

johndaniel147

Hi, everyone i need advice, well i bought a car on auto trader from a private seller, his reason for selling the car which i always as is because he got a new job abroad.. anyway i paid cash for the car drove off, 3weeks later i received a letter from black horse saying they have intrest in the car and give me some questioner to fill out asking about how much i paid for the car and the address of who i got the car off which i filled in and sent off to them, can anyone advice whats going to happen next, i was reading somewhere that as a innocent purchaser they cannot repo the car instead they chase the main person who took out the HP, how true is this, and am the 3keeper of the car, so it had 2 owners before me. can someone please advice if they have been in this sort of situation what did they do to keep the car, as i cannot get hold of who i bought the car from..

Thanks

neilmcl

johndaniel147 wrote: »

Hi, everyone i need advice, well i bought a car on auto trader from a private seller, his reason for selling the car which i always as is because he got a new job abroad.. anyway i paid cash for the car drove off, 3weeks later i received a letter from black horse saying they have intrest in the car and give me some questioner to fill out asking about how much i paid for the car and the address of who i got the car off which i filled in and sent off to them, can anyone advice whats going to happen next, i was reading somewhere that as a innocent purchaser they cannot repo the car instead they chase the main person who took out the HP, how true is this, and am the 3keeper of the car, so it had 2 owners before me. can someone please advice if they have been in this sort of situation what did they do to keep the car, as i cannot get hold of who i bought the car from..

Thanks

What's this got to do with the thread in question. Please start your own thread and don't hijack others!