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Car hp early settlement figure query

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  • MalMonroe
    MalMonroe Posts: 5,783 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    I know it's all paid off now but can I just say, next time - if there is one, please do check the rates of interest. Rather than quibbling about how much you needed to pay off now, you should have been thinking about how much extra you'd have paid if you'd gone the full time. 

    £7050 for a car that cost £4000 (and probably overpriced at that) over four years. Rip. Off. 

    You'd be better just going for a PCP arrangement, I did that last year. It's 0% interest for two years and at the end of that time I can either pay it all off, they will exchange for another car or I can just walk away and leave it.  Repayments £55 per month and the car was four years old.

    Shop around and do yourself a BIG favour, please don't get ripped off again!
    Please note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.
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