I have a car on finance but have recently had to go to court for reduced payments on it.And to collect a nice CCJ.
But my cars engine has just blown up.Please could someone let me know what I need to do as I am paying for a vehicle that is not working and since going to court am not paying gap insurance as that has been cancelled.
Thanks.
2007-01-29 20:52:23 · 8 answers · asked by thames iron 2 in Cars & Transportation ➔ Buying & Selling
What a sorry mess! I thought at first glance 'ginger' had the right idea, but no g'tee this will work out, you will end up in court again
So the best suggestion is the other one get to the Citizens advice bureau speak to one of their solicitors, if he doesn't know then no one will.
All I can say is good luck.
2007-01-29 21:18:45 · answer #1 · answered by budding author 7 · 2⤊ 0⤋
I'm afraid you have a legal contract with the finance company to maintain the agreed repayments - they're not interested in whether the car works or not, just in getting back their money.
Try the CAB, but I suspect all they can suggest is contacting the finance company again to try and sort something out. Having already agreed to reduced payments by the look of it, I doubt if they'll be sympathetic.
Sorry.
2007-01-29 21:37:59 · answer #2 · answered by champer 7 · 1⤊ 0⤋
I'm not sure what your expecting to hear. The finance company aren't interested if the car runs or not. They are only interested in getting their money back. If you got the car reposessed they would sell it for what they could but you would still be liable for any shortfall.
If the car came from a trader is it still within its warranty period? If so you could try pursuing them for help with repair.
2007-01-30 01:03:35 · answer #3 · answered by Mark B 5 · 0⤊ 0⤋
Unlucky, unlucky, unlucky.
you are out of lucky, coz you didnt pay your chuckie.
If there is no warranty, you are still liable for the loan until paid off, whether the car is roadworthy or not. If you do not make any more payments, you will get another ccj, and they will ask for the money in full
2007-02-01 23:46:27 · answer #4 · answered by richard n 2 · 0⤊ 0⤋
Check your finance agreement carefully.
You should be able to hand the car back if you have paid more than half of the finance.
You might still have to get it running first but check the agreement.
2007-02-02 10:54:06 · answer #5 · answered by paul m 1 · 0⤊ 0⤋
Keep up the payments - it you do not it will ruin your credit. Get the car fixed so you will have a functioning car
Sorry for the bad luck
2007-01-29 21:20:12 · answer #6 · answered by startrektosnewenterpriselovethem 6 · 0⤊ 0⤋
ring them up and tell them to repossess it as you dont intend paying for it any more.
2007-01-29 20:59:31 · answer #7 · answered by ginger 6 · 0⤊ 1⤋
get in contact with your local CAB
2007-01-29 21:00:04 · answer #8 · answered by flymetothemoon279 5 · 0⤊ 1⤋