My car on hire purchase finance has broken, what are my options

Andy539094

it is a 64 plate ford focus ecoboost 1.0l, i have a quote from a ford specialist which is £5,100 to repair including a new engine block, a turbo and a new recommended clutch, i do have gap insurance, and my car is currently sorn, and i cant afford the repairs a local mechanic has also diagnosed it and has quoted £3,500 for the repair, paying the rest of my finance off would be far more than the repair costs so this isnt a option either, any help would be great

Andy539094

thought i would just add its broken through general wear and tear rather than a accident or collision

Alter_ego

Only option I can see is do the repair yourself- Have you got the skills?

Andy539094

i have not no, i wasnt sure if there where any other options like claiming through gap insurance etc

TadleyBaggie

That's not what GAP insurance covers. Car insurance is to  cover damage caused by accidents not by wear and tear or poor maintenance. Unless you had some kind of warranty it is unlikely you will be getting any of the costs covered.

Grumpy_chap

Andy539094 said:

it is a 64 plate ford focus ecoboost 1.0l, i have a quote from a ford specialist which is £5,100 to repair including a new engine block, a turbo and a new recommended clutch, i do have gap insurance, and my car is currently sorn, and i cant afford the repairs a local mechanic has also diagnosed it and has quoted £3,500 for the repair, paying the rest of my finance off would be far more than the repair costs so this isnt a option either, any help would be great

Why do you need an engine and a clutch?  It is not obvious that the two would be linked and if one failed, the other can wear no more.

8yo car, what mileage and overall condition is it?  It may be that this car is at early end of life.

How much finance do you have remaining on the car?  Settlement amount, not the balance if the finance runs full term

Arklight

I would post this again on this group:

https://www.facebook.com/groups/FordEcoboostNightmare/

Goudy

Grumpy_chap said:

Why do you need an engine and a clutch?  It is not obvious that the two would be linked and if one failed, the other can wear no more.

8yo car, what mileage and overall condition is it?  It may be that this car is at early end of life.

How much finance do you have remaining on the car?  Settlement amount, not the balance if the finance runs full term

The clutch is recommended. It's common to throw a new clutch on if the engine or gearbox has to come out.

KimJongUn88

We’ll you’re going to have to keep paying the HP whether your car is broken or not. 

It’s down to you whether you pay for the repair. If you do, you’ll have a working car.

If you decide to buy another car, you’ll have to find that car as well as continue to pay the existing car’s HP payments as well.

daveyjp

Its the downside of taking a loan against an older car, especially an Ecoboost which is a lottery as to how long it will last as its known for expensive problems.

Options are fix it or scrap it, but both mean the HP still needs paying,

jimjames

Another option is to sell it as is. There may be someone who can do the work to sell it on or use themselves that will pay more than scrap value for a 64 plate Fiesta in current market.

https://www.ebay.co.uk/itm/284645120777?hash=item42462bdb09:g:Bk4AAOSwAZpiArhQ