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A Car Question.....

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  • Scarlett.1974
    Scarlett.1974 Posts: 2,765 Forumite
    Richard_S wrote: »
    Hi Scarlett,

    The responses you've had have been spot on. The only other alternative would be if you knew somebody who was looking for a car and they were prepared to take on the finance agreement.

    To do it properly through the finance company; it is called "assigning the lease"?

    What sort of car is it? We're looking for some new wheels.:D

    Richard

    Hi Richard :)

    It's a Ford Focus CMax, 54 plate, metallic dark blue, very low milage - it was an ex mobility car and we've not done many miles in it. It's a lovely car, I shall be sad to see it go :( H says I will have to lower my standards once we go go BR, but it's partly my "high standards" that got us into this mess :o
    You can't control everything in life....... your hair was put on your head to remind you of that :p

    Proud to be BSC no. 103
  • Scarlett.1974
    Scarlett.1974 Posts: 2,765 Forumite
    nomoneyprobs wrote: »
    You've had some good answers here, My other thought pattern would be to save the money you would have spent on hp at home in cash, and if your br before the car gets taken away you'll have enough at home to buy a runabout and the or can just let the company reposess your car and your new car could actually be your kind old dad's car that he's letting you (ahem) borrow and the fact it's worth so little wouldn't arouse any questions from the or.

    Just a thought, you would use this example at your own risk

    Ian

    Thanks Ian :)

    I was actually thinking along those lines last night once I realised that it could take a while for the car to be re-posessed. So....... we could 'save' the car finance money for as long as it takes for the finance co. to take it back and use that money to purchase a old runaround, even if this happens AFTER BR?
    You can't control everything in life....... your hair was put on your head to remind you of that :p

    Proud to be BSC no. 103
  • Scarlett.1974
    Scarlett.1974 Posts: 2,765 Forumite
    Evening all :)

    Sorry to bump this one back up but I have more questions :o

    IF the car we have now hasn't been reposessed by the time we go BR (18th Feb) and we buy a cheap runaround AFTER BR is the OR likely to question this IF it happens before our interview? Ie. ask where they money has come from to buy the new car? Would we be better off trying to hold onto the current car for as long as possible (while saving the monthly payments for the runaround) and purchase the runaround after our interview? Would we be doing wrong to do this? Would we have to tell the OR about this and explain where the money has come from?

    Sorry for the barrage of questions :o
    You can't control everything in life....... your hair was put on your head to remind you of that :p

    Proud to be BSC no. 103
  • Scarlett.1974
    Scarlett.1974 Posts: 2,765 Forumite
    Bump :o

    Anyone got any thoughts on this?

    :)
    You can't control everything in life....... your hair was put on your head to remind you of that :p

    Proud to be BSC no. 103
  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Could the car have been given to you as a pesent? Don't know if that is feasable or if we are just over thinking it.

    I'm sure one of the experts will be along soon.
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
  • Scarlett.1974
    Scarlett.1974 Posts: 2,765 Forumite
    tigerfeet2006 wrote: »
    Could the car have been given to you as a pesent? Don't know if that is feasable or if we are just over thinking it.

    I'm sure one of the experts will be along soon.

    Thanks tigerfeet. I think I'M definitely over thinking it :rotfl: I just read back my post from yesterday evening and thought "god, what a load of waffle"!! :o Just not sure what to do for best. Obviously I don't want to lie to the OR!
    You can't control everything in life....... your hair was put on your head to remind you of that :p

    Proud to be BSC no. 103
  • betterlatethannever
    betterlatethannever Posts: 5,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Maybe i'm being predantic, but whats a 54 plate..1954????

    quote: It's a Ford Focus CMax, 54 plate, metallic dark blue, very low milage: Quote
    The first time we said hello, was the first time we said goodbye. As the angels took your tiny hand and flew you to the sky-you forever left us breathless. RIP my beautiful granddaughter :(
  • squirrel_pigeon
    squirrel_pigeon Posts: 427 Forumite
    betterlatethannever wrote: »
    Maybe i'm being predantic, but whats a 54 plate..1954????

    quote: It's a Ford Focus CMax, 54 plate, metallic dark blue, very low milage: Quote

    Means it was first registered between Sept 1st 2004 - March 1st 2005 :)
    All comments made and advice given are my own opinions and do not represent the views or advice of any debt advice organisation.

    Current balance: approx £17500 including Tax Credit Overpayment :cry:

    Estimated DFD: never - deficit budget. Cheers HMRC! :mad:

    Another year over and we're still together. It's not always easy, but I'm here forever
  • betterlatethannever
    betterlatethannever Posts: 5,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Thanks Squirrel...although thats just gone whoosh, straight over my little dumb, blonde head:confused: i still don't get it...:rotfl: anyway thats all beside the point but i didn't want poor Richard buying a car thats over 50 years old:p
    The first time we said hello, was the first time we said goodbye. As the angels took your tiny hand and flew you to the sky-you forever left us breathless. RIP my beautiful granddaughter :(
  • Scarlett.1974
    Scarlett.1974 Posts: 2,765 Forumite
    Actually, I was being a divvy, it's actually an 04 plate, but same thing I think! Registered in 2004 yes? :)
    You can't control everything in life....... your hair was put on your head to remind you of that :p

    Proud to be BSC no. 103
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