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Car Finance in the News

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Comments

  • msallen
    msallen Posts: 1,494 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    shinytop wrote: »
    The finance company could always add in an additional payment - a sort of insurance if you will - as protection to the borrower in the event that they lose their job.

    Yes, a sort of "Insurance to Protect Payments" if you will. Catchy acronym too - IPP. I wonder if the idea will catch on? ;)
  • fiisch
    fiisch Posts: 512 Forumite
    Part of the Furniture 100 Posts Name Dropper
    But someone working part-time in a bar can easily afford the payments on quite an extravagant car if they're living at home... From the article, it seems changing circumstances has brought about hardship - it's not the lenders job to forecast that.

    I'm an absolute car finance tart, but I've always gone into it with my eyes wide open - unfortunately my love of cars outweighs my love of money! :D
  • cloud_dog
    cloud_dog Posts: 6,438 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Bravepants wrote: »
    Blimey!

    Let's get someone else to work out whether we can afford stuff!

    Some people!

    https://www.bbc.co.uk/news/business-your-money-48776454
    Welcome to the snowflake family.
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    shinytop wrote: »
    The finance company could always add in an additional payment - a sort of insurance if you will - as protection to the borrower in the event that they lose their job.


    Close call, had just finished a sip of tea when I read that, otherwise you'd owe me a new keyboard
  • shinytop
    shinytop Posts: 2,209 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    AnotherJoe wrote: »
    Close call, had just finished a sip of tea when I read that, otherwise you'd owe me a new keyboard
    I was surprised nobody though of it before I did ;)
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