To repay early or not???

jimjames

jkevin said:

The only plus side that I can see of continuing with the monthly payments is that I could walk away at the end without paying the bubble payment (which would be useful say in the event of ill-health and I was no longer able to drive. Which is a slight possibility in my case). Other than that and not losing a big chunk of my savings in one go, I can't see any benefit in not paying the settlement fee.

Anyone have any experience of this or thoughts on the best way forward?

Thanks.

Kevin

I can't see any downside at all in paying off. If you do have poor health in a few years then there is no reason why you can't sell the car at that point if you want.
No savings account will give you anywhere near the equivalent of £1100 on £20k over 18 months at the moment

BOWFER

jkevin said:

I think I misunderstood your post. You mean rather than pay off the bubble payment, I make them an offer on the car. I guess, there is the potential  to save money there.

Yes, rather than just look at the bubble payment calculated from the paperwork, phone them and ask how much they want to sell it.
I can't remember precisely how much I saved on my Leaf, but it was certainly hundreds.