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Lease Car
lookingforhelp_2
Posts: 195 Forumite
Hi
My hubby has a lease car through work,On the paper work it states you must not become insolvent:eek: Which we have:rolleyes:
Will we loose the car?
We pay £126 per month straight out of his wages.
Will the OR force this or will the company we have it through his work?
Got interview with OR this afternoon:o
Would not manage with one car.
Thanks in advance
Sarah
My hubby has a lease car through work,On the paper work it states you must not become insolvent:eek: Which we have:rolleyes:
Will we loose the car?
We pay £126 per month straight out of his wages.
Will the OR force this or will the company we have it through his work?
Got interview with OR this afternoon:o
Would not manage with one car.
Thanks in advance
Sarah
BSC NUMBER 116 :rolleyes:
0
Comments
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Well Sarah , if its anything like my car on HP (which a lease basically is) then there is a Banruptcy clause which means it has to go back . I have just learnt all this today and there is a guy coming to pick it up soon. I guess all these agreements have this clause in , which when you think about it makes sense for the lease/HP company because they "own" the car until the end of the agreement anyway.
Good Luck otherwise , dust off those walking shoes.BR 08/09/2007 /DISCHARGED 11/04/2008
A NEW BEGINNING
DEBT FREE0
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