Unable to afford end of lease mileage and charges

Levatorani123

cw8825 said:

Levatorani123 said:

As for tbe innsurance I didn't feel I had much choice. I couldn't not have insurance  and I couldn't get out of the lease for another year. There was nothing  they could do.

Had I not become unwell I would still have 5 figures  and be able to  pay this off and would never have had to reduce the insurance price. 

you have made a catalogue of bad decisions, which I am sure others will pick apart in due course

But in terms of the situation now.
I would be tempting to make a claim, its insured for a reason, not for the wear and tear but the damage to the bumper,
Sooner that is done the better

definitely speak to the lease company, there's no point burying your head in the sand  you need to try and a plan in place.

I would like to, Im just worried about getting my claim voided and then not being able to get insurance going forward.

Trouble is  I wont know that is a possibility until I make a claim. Plus if it gets voided  it wont be able to be driven immediately.

But yes  a lot of bad decisions.   

MattMattMattUK

Levatorani123 said:

cw8825 said:

Levatorani123 said:

As for tbe innsurance I didn't feel I had much choice. I couldn't not have insurance  and I couldn't get out of the lease for another year. There was nothing  they could do.

Had I not become unwell I would still have 5 figures  and be able to  pay this off and would never have had to reduce the insurance price. 

you have made a catalogue of bad decisions, which I am sure others will pick apart in due course

But in terms of the situation now.
I would be tempting to make a claim, its insured for a reason, not for the wear and tear but the damage to the bumper,
Sooner that is done the better

definitely speak to the lease company, there's no point burying your head in the sand  you need to try and a plan in place.

I would like to, Im just worried about getting my claim voided and then not being able to get insurance going forward.

Trouble is  I wont know that is a possibility until I make a claim. Plus if it gets voided  it wont be able to be driven immediately.

But yes  a lot of bad decisions.   

Can I ask, you say you are not working, if you do not have a commute etc. why are you driving so many miles? The UK average is 7,400 per year, but that includes a significant chunk of commuters and high mileage users, the median is quite a bit lower, around 5,000, is there any possibility of cutting back, it would save you both in operating costs and in the excess mileage costs when those apply.

Levatorani123

MattMattMattUK said:

Levatorani123 said:

cw8825 said:

Levatorani123 said:

As for tbe innsurance I didn't feel I had much choice. I couldn't not have insurance  and I couldn't get out of the lease for another year. There was nothing  they could do.

Had I not become unwell I would still have 5 figures  and be able to  pay this off and would never have had to reduce the insurance price. 

you have made a catalogue of bad decisions, which I am sure others will pick apart in due course

But in terms of the situation now.
I would be tempting to make a claim, its insured for a reason, not for the wear and tear but the damage to the bumper,
Sooner that is done the better

definitely speak to the lease company, there's no point burying your head in the sand  you need to try and a plan in place.

I would like to, Im just worried about getting my claim voided and then not being able to get insurance going forward.

Trouble is  I wont know that is a possibility until I make a claim. Plus if it gets voided  it wont be able to be driven immediately.

But yes  a lot of bad decisions.   

Can I ask, you say you are not working, if you do not have a commute etc. why are you driving so many miles? The UK average is 7,400 per year, but that includes a significant chunk of commuters and high mileage users, the median is quite a bit lower, around 5,000, is there any possibility of cutting back, it would save you both in operating costs and in the excess mileage costs when those apply.

I have been travelling to and from London a lot for treatment, and just generally using the car more than expected due to not having a work vehicle anymore and  using it for every journey rather than  when I had a van, or even when I could walk  for shorter trips as they all mount up over 1.5 years. I probably  would have gone over by about 7k miles anyway- but I could have covered that.

Like I say the loss of work is the primary reason. If it wasnt for  that A- I would have been able to afford the costs at the end and B- I wouldnt have  made an alteration to my insurance preventing me from claiming.

Levatorani123

MattMattMattUK said:

Levatorani123 said:

cw8825 said:

Levatorani123 said:

As for tbe innsurance I didn't feel I had much choice. I couldn't not have insurance  and I couldn't get out of the lease for another year. There was nothing  they could do.

Had I not become unwell I would still have 5 figures  and be able to  pay this off and would never have had to reduce the insurance price. 

you have made a catalogue of bad decisions, which I am sure others will pick apart in due course

But in terms of the situation now.
I would be tempting to make a claim, its insured for a reason, not for the wear and tear but the damage to the bumper,
Sooner that is done the better

definitely speak to the lease company, there's no point burying your head in the sand  you need to try and a plan in place.

I would like to, Im just worried about getting my claim voided and then not being able to get insurance going forward.

Trouble is  I wont know that is a possibility until I make a claim. Plus if it gets voided  it wont be able to be driven immediately.

But yes  a lot of bad decisions.   

Can I ask, you say you are not working, if you do not have a commute etc. why are you driving so many miles? The UK average is 7,400 per year, but that includes a significant chunk of commuters and high mileage users, the median is quite a bit lower, around 5,000, is there any possibility of cutting back, it would save you both in operating costs and in the excess mileage costs when those apply.

I have cut back over the past few months, but the damage is done.

Desmond_Hume

The damage is a cracked bumper and scuffs? But it also can't be driven? Have I picked that up correctly?

Nobbie1967

I don’t think I would try claiming for the £2400 cost of the bumper repair. It’s likely to open a can of worms and get you some sort of marker that will make future insurance very expensive. It also sounds like you’ll still get a big bill from the lease company, so doesn’t solve anything. If you claim and tell them when it happened then it becomes apparent that you lied on your latest policy renewal and at the very least they’ll expect increased backdated premiums.

See what you owe and then go to the debt boards on here to look at your next steps. It’s really just damage limitation at this stage. Good luck.

DullGreyGuy

Desmond_Hume said:

The damage is a cracked bumper and scuffs? But it also can't be driven? Have I picked that up correctly?

No, they are saying they lied about the value of the vehicle when they took out the insurance in an attempt to reduce the premiums. They are worried that if they were to put in a claim the insurer will see they made a false declaration and so void the policy and avoid the claim. As such the car would then be uninsured and given they'd have to declare their insurance was cancelled for fraud to potential new insurers that they couldn't afford the premiums thus meaning the car has to be SORNed/cannot be driven. 

Levatorani123

Nobbie1967 said:

I don’t think I would try claiming for the £2400 cost of the bumper repair. It’s likely to open a can of worms and get you some sort of marker that will make future insurance very expensive. It also sounds like you’ll still get a big bill from the lease company, so doesn’t solve anything. If you claim and tell them when it happened then it becomes apparent that you lied on your latest policy renewal and at the very least they’ll expect increased backdated premiums.

See what you owe and then go to the debt boards on here to look at your next steps. It’s really just damage limitation at this stage. Good luck.

No this was exactly my line of thinking.

I would end up with a  fairly big bill and have trouble getting insurance as opposed to one bigger bill.

Just a note, the damage happened after my renewal.

Levatorani123

Incidentally one mistake I probably made was not reaching out this kind of help this time last year when  i searched for my renewal.. at the time I had been unwell for   4 months approx.

Would there have been anything I could  have done otherwise regarding my premiums being too high back then that wasnt what I actually did.  To cancel the lease deal early would have resulted in a big bill and not having a car. 

Its been a big thing regarding Teslas and high renewals.

The lesson I have learnt is that unless you live a guaranteed  luxury lifestyle dont get anything luxury because of the unknown.

born_again

DullGreyGuy said:

Desmond_Hume said:

The damage is a cracked bumper and scuffs? But it also can't be driven? Have I picked that up correctly?

No, they are saying they lied about the value of the vehicle when they took out the insurance in an attempt to reduce the premiums. They are worried that if they were to put in a claim the insurer will see they made a false declaration and so void the policy and avoid the claim. As such the car would then be uninsured and given they'd have to declare their insurance was cancelled for fraud to potential new insurers that they couldn't afford the premiums thus meaning the car has to be SORNed/cannot be driven. 

A question on the value declared on car.

Surely a Ins co would not take £3,600 as the value on a 2 year old Tesla. 
That must have flagged up so many errors in it's value...

I could get it if it was a old car where you can declare the value on it & they will pay that out.