Chat & Social > The Bar - General Chat
No chance!!!!
bezzabsa:
Well as some of you may know I have a bike on finance , and due to my knee problems I asked about selling it - http://forums.mud-club.com/viewtopic.php?t=34430&highlight=finance -
well today they actually gave me a settlement figure of
£3282.38 :shock:
Now bearing in mind the bike was only £3500 new, and I have been paying for it for 2 years, so I rang them and queried it - according to them I had a 4 year finance term (thought I'd had it over 3)
so my only course of action now is to give the bike back to the finance company as a voluntery repossession and get a black mark against my name :evil: , as the person I had interested in the bike aint gonnna pay £200 less than a new bike - for a 2 year old one!!!!
Any other ideas??
apart from 'losing' it - or similar..
grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr :evil:
V8MoneyPit:
Wow! :shock:
Is that because of an early settlement fee? I would ask them for a written confirmation and breakdown of charges. Even if they are charging the whole 4 years of interest, it's hard to believe it should be that much.
hairyasswelder:
robbin b...,rds :twisted: :twisted:
att:
Sounds like the structure of the loan.
i.e. the interest is payable primarily and then the capital is paid off secondly. This is usually stated in the small print of the agreement.
[person of questionable parentage] are banks.
Lee_D:
You could consider visiting the Moneysavingexpert site and look up "card tart" as one option. Though they have lots and lots of advice that is fantastic in my experience and costs nowt.
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