My car on finance is falling its mot

AdrianC

Grumpy_chap said:

Yet, @Jesterrmum1703 was able to tell us all the following extra information that was not provided by the OP:

• car had problems ever since 1st MOT in 2012 (= 5 year before OP purchased the car)

Which begs the question why they bought it in the first place...

It certainly doesn't affect the financier's shared liability with the retailer, which is so minimal as to be effectively zero for an 11yo car three years post-purchase. If anything, it reduces their liability further, since this would fall under part of the "apparent condition" caveat at the time of purchase.

John_

david0901 said:

I have had my car for 3 years now it's on finance  the last 2 mots have cost me nearly 700 pound it is a 2009 ford smax the finance  is over 18000 pounds can I do anything  about it

Something doesn’t add up here. You can get a two year-old Smax for £17,000.

macman

John_ said:

david0901 said:

I have had my car for 3 years now it's on finance  the last 2 mots have cost me nearly 700 pound it is a 2009 ford smax the finance  is over 18000 pounds can I do anything  about it

Something doesn’t add up here. You can get a two year-old Smax for £17,000.

Read the previous posts. The OP is probably paying a penurious APR of near 50%. The interest accounts for maybe £8K of that £18K total. Or so we surmise, since neither the OP or his doppelganger have come back to enlighten us further,

molerat

SMaxes of that age are pretty hungry on suspension components which in themselves are not that expensive but pretty labour intensive to replace. My son in law has a 10 plate and over the past few years he has pretty much replaced it all.  Luckily trade parts prices and DIY make it palatable.