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.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Lloyds bank car finance fees
Comments
-
How long ago did you sell the car?
When you sold the car, any money you got for it should have been paid to the finance company plus any shortfall between what you sold it for and the settlement figure provided.
Since you have sold an asset which is secured against the loan agreement, and not payed the agreement off in full at the same time this is where the problem lies.
When you contact Lloyds they may well want not only the £1K fee paid, but also the full remaining balance on the agreement.
Or Lloyds have already repossessed the car and you may also find the dealer you sold the car too is also going to be chasing you for their money back.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards