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Car HP.

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  • macman said:
    macman said:
    There is no indication that hubby is in debt, struggling with the £300pm repayment, or regularly swapping cars. No timescale was quoted: it could be once every 3 years or so?
    No indication he's in debt? Did you read the post? He pays £300 a month for the third consecutive rollover car loan! Of course he's in debt.
    Where did I say he was struggling? However if he keeps the cycle up of trading in cars, getting new finance, increasing his debt and increasing his payments, he will be.
    Yes, I did read the post. We have no idea of the OP's husband's income or assets. £300pm may be perfectly affordable. The OP was somehow under the impression that he was still paying for the previous 2 cars, which of course is not the case. 
    It used to be routine for people to change their car every 3 years, whatever the means of finance.  Obviously, if he's swapping it in every year, the odds are that he's increasing the debt, but we don't have any actual evidence of that.
    OP is concerned about the debt situation - they make that clear in the first post 
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