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Car finance

Has anyone else had extortionate interest placed on their payment holidays for car finance? Volkswagon group want to charge us an extra £1100 per month for 3 months due to a payment holiday, how us this helping us?!! 

Comments

  • Jeremy535897
    Jeremy535897 Posts: 10,745 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    Without knowing what your original monthly payments were, or what you signed up to, nobody can comment.
  • Grumpy_chap
    Grumpy_chap Posts: 18,587 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    You will need to provide more details for anyone to provide a meaningful contribution to this question.
  • sharpe106
    sharpe106 Posts: 3,558 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    It is only delaying it, so is helping you out today it was never meant to be to help you out for any longer, which is why they stated only take it if you need to. 
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    £1100 per month sounds as if you've got your wires crossed. Is this the amount that's been deferred in total due to the payment holiday? 
  • are you sure thats not the total amount you need to pay including the 3 payments you missed either way another example of why buying a car on finance is one of the worst financial mistakes you can make 
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