We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Car Finance - Car Taken
Hi all,
My wife and I had a car on finance. We had a few late payments over the last year or so and were owing two months when they sent someone to take the car back. We offered to pay three months in advance to get the car back (as we then had the money) but they would't accept this.
The finance company now want us to continue paying for a car we don't have. This will take a couple of years to pay.
Is there anything we can do ?
My wife and I had a car on finance. We had a few late payments over the last year or so and were owing two months when they sent someone to take the car back. We offered to pay three months in advance to get the car back (as we then had the money) but they would't accept this.
The finance company now want us to continue paying for a car we don't have. This will take a couple of years to pay.
Is there anything we can do ?
0
Comments
-
What happened with the car after they took it? And what sort of car finance are you on?0
-
If they've taken the car, chances are it will have been sold at auction.
If (say) they got £3,000 and you were expected to have continued to pay £5,000 (taking into account future payments, interest etc.) they will expect you to pay £2,000."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 -
Who is the finance company, what type of finance is it, how long has the finance been in force, how much was the total payment amount and how much had you paid ?0
-
It was Motonovo finance - we hadn't paid off more than half the value either.
Yes Gaz83, they are looking for around £2000 more - even though they have taken the car back :-(0 -
Yeah, that's what happens.It was Motonovo finance - we hadn't paid off more than half the value either.
Yes Gaz83, they are looking for around £2000 more - even though they have taken the car back :-(
Best to get in contact with them and try to come up with some kind of payment arrangement."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 -
These are very important questions, the answers could determine if the finance co have acted illegally and what options you or the creditor have for redress. Also do you live in England, Wales, Scotland or NI. Where was the car parked when they took it and did you give them consent to take it ?Who is the finance company, what type of finance is it, how long has the finance been in force, how much was the total payment amount and how much had you paid ?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 348.6K Banking & Borrowing
- 252.2K Reduce Debt & Boost Income
- 452.5K Spending & Discounts
- 241.3K Work, Benefits & Business
- 617.8K Mortgages, Homes & Bills
- 175.8K Life & Family
- 254.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards