Finance

[mattchewone]

Just wondering, will companies part ex a car that has finance?

My car is on finance but i want something different lol. Not now maybe end of the year or next year when im 21. But i still have 4 years as of now left of the finance.

Tbh if i could get rid and swap now i would but i no i couldnt, nor could i insure a bigger car at the minute so thats why i'd want to wait a little while.

If not im stuck with this for 4 more years. :n:

Cheers

[Luke]

You can swap at any time mate.

Whatever car is worth they minus off the finance, then add on the negative equity (if any, more than likely will) to the new car and switch the agreement over.

[Danr]

Shouldn't be a problem Matt. As Luke said you just end up paying more than the new car itself.

You'd be better off saving a little bit, selling the car which combined with the savings would pay it off. Then getting the new car on finance.

Corsa VXR by any chance??? ;)

[mattchewone]

So i would go with a new finance company? Good as the one im with is shit and im only nearly 30%!!!

[mattchewone]

Shouldn't be a problem Matt. As Luke said you just end up paying more than the new car itself.

You'd be better off saving a little bit, selling the car which combined with the savings would pay it off. Then getting the new car on finance.

Corsa VXR by any chance??? ;)

I would love one tbh! I dont think i could practically afford to run it though, with insurance and tax. Will just have to wait and see lol.

Quite liked the Ibiza tbh lol.

[Barry123]

So i would go with a new finance company? Good as the one im with is shit and im only nearly 30%!!!

30% interest?!

[Danr]

I would love one tbh! I dont think i could practically afford to run it though, with insurance and tax. Will just have to wait and see lol.

Quite liked the Ibiza tbh lol.

Ibiza will cost about the same iirc.

[Luke]

Which finance company you with?

It just depends what the dealer deals with in terms of finance.

[mattchewone]

30% interest?!

Yer i got mugged!

Ibiza will cost about the same iirc.

Not sure what i want tbh lol. Just want something bigger and better.

Which finance company you with?

It just depends what the dealer deals with in terms of finance.

Im with British Credit Trust. Apparently they were the only company that would take me on lol. But yet i got accepted on a mortgage. :geek:

[Danr]

At that APR i'd sell the car ASAP mate. 30% is a joke. You'd be better off selling up and buying another 1.1 saxo or something.

[mattchewone]

At that APR i'd sell the car ASAP mate. 30% is a joke. You'd be better off selling up and buying another 1.1 saxo or something.

Never returning to a 1.1 saxo EVER! lol just not going to do it.

Not really sure what i want tbh. i would love a turbo car more than anything ever! Just not sure what one and if i can afford to insure. I did a quick confused quote on an ibiza they want 3500!! I dont think so some how.

You got any idea's? Preferably a 3door car tbh. Just through some ideas at me.

[Danr]

How much did you buy the car for?

[mattchewone]

How much did you buy the car for?

£5k minus £500 deposit.

Being paying £160 a month on finance and £80 in insurance!

[Danr]

Over how many years?

[mattchewone]

Over how many years?

5 year term buddy. I think my first payment was June 2008.

[Barry123]

jesus christ... termed to pay £10k on a £5k loan.

Matt just sell the fuck up man!!! That's horrendous... don't buy what you can't afford :ponder:

[Danr]

That is a joke. You could have bought the ibiza and insured it now for £10k.

[mattchewone]

jesus christ... termed to pay £10k on a £5k loan.

Matt just sell the fuck up man!!! That's horrendous... don't buy what you can't afford :ponder:

That is a joke. You could have bought the ibiza and insured it now for £10k.

If i sell it i wont get enough back to cover the outstanding finance. Or have enough to get a new motor.

Well i can afford it monthly ish. Would prefer it to be less tbh. Need help FAST! Need to think of something i could go to a garage and swap and get finance sorted on etc etc.

How does it work, if i go in and want a car for say £5k, what would happen to the £3-4k i have left on my car? Would i be paying two finances?

[Danr]

Give the credit company a call and ask how much the settlement figure is.

[mattchewone]

Give the credit company a call and ask how much the settlement figure is.

Sounds like a plan ill get on to them tomorrow. What do i do then lol

[Danr]

Probably cry tbh.

[mattchewone]

Probably cry tbh.

lol Im already crying lol

I think part - ex is the only way ill be able to get a car tbh.

[Prickle]

What car do you have in mind. ?

[Danr]

I don't think Part Ex will help you buddy. You'll probably have to finance the new car and the remainding finance on the new car. Although you may be getting a cheaper rate.

[mattchewone]

What car do you have in mind. ?

Dont know thats the problem tbh

I don't think Part Ex will help you buddy. You'll probably have to finance the new car and the remainding finance on the new car. Although you may be getting a cheaper rate.

Erm not sure what to do then as i need a car to get to work. GHEY! Not if i can find a car thats £3-4k then it wont be so bad surely?

Not sure how much i'd get for mine though. £2-3k maybe?

[Danr]

Research it on Autotrader and pistonheads.

Personally i wouldn't bother getting any more finance. You might as well pay £10k that pay another bit of interest on that. Depends what the settlement figure is really.

[mattchewone]

If i cant find something ill have to just stick with it because i need a car. Im too far away to walk or do anything.

[SAXO_13]

Try giving southern fiance a call matt ive used them twice now and they were brilliant

[Roj]

30% interest, why the fuck did you take that on mate? iff i was you id wanna get that sorted asap

[mattchewone]

Try giving southern fiance a call matt ive used them twice now and they were brilliant

What to take over the finance?

30% interest, why the fuck did you take that on mate? iff i was you id wanna get that sorted asap

Why because i was silly and didnt know what to do at the time and i needed a new car. I know i know!

Really dont know what to do. Do i keep the car and carry on paying the stupid finance or part ex for a different car and have two finances? (Or what ever happens when you part ex a financed car)

[Prickle]

How much in total do you have to pay for your corsa. ?

[mattchewone]

How much in total do you have to pay for your corsa. ?

What do you mean left to pay? Not sure probs about £3k

[Prickle]

What do you mean left to pay? Not sure probs about £3k

Total.

[Luke]

How many payments have you made on the Corsa mate?

I'll explain it better once I know roughly how many you have made etc.

[mattchewone]

Total.

How many payments have you made on the Corsa mate?

I'll explain it better once I know roughly how many you have made etc.

I think its approx 9 and i think the 10th one is this friday. I worked it out on 9payments i owe £3060 or somthing.

Cheers!

[Luke]

You'll owe more in the region of £3500 - £3800ish mate I'm afraid, especially with the interest it won't have gone down much.

So the car was £5000, you put down £500 deposit and borrowed £4,500?

[Danr]

Surely he'll owe alot more than that with 30% APR on £5k over 5 years.

[Luke]

Possibly yeah, I'm just trying to see how much he borrowed first..

[Danr]

He borrowed £4.5k.

[mattchewone]

Yer i borrowed £4.5k and have made 10 payments this week!

[Luke]

I'm guessing you'll owe about £4,000 mate, might be out but we'll use that for arguments sake.

Say this is the invoice for your new car.

New Car £7,500.00
------------------------------
Less Deposit £100.00
Less P/X Value £3,000.00
Add Finance OS £4,000.00

Balance Due £8,400.00

So your negative Equity is £1000, this £1000 is added to the price of your new car (7,500) minus your deposit (100). This leaves you with a new finance of £8,400 on the new car.

The old agreement is settled when you take out the new agreement, but because you have negative equity (owe more money than what the car is worth) this added onto the new finance. You'll only be paying finance on the new car as the old one will be settled and closed.

Hope that makes sense.

Luke

[mattchewone]

Thats for a car worth £7500?

I might ring them tomorrow to find out what the settlement amount will be.

This still means i need to think of a replacement car! It also means the finance will be way more than what im currently paying.

Is it worth it???

[Luke]

Can't you call them today and get a figure?

To be honest, you could get a good deal now - especially the way things are and I reckon you could get a MUCH lower APR - like say 10% or below.

How old are you? Did anyone have to act as a guarantor for you?

[Danr]

Not always mate. Depends what Rate of APR you are at.

At a higher amount you usually get a lower rate so you may find out you pay less!

[mattchewone]

Can't you call them today and get a figure?

To be honest, you could get a good deal now - especially the way things are and I reckon you could get a MUCH lower APR - like say 10% or below.

How old are you? Did anyone have to act as a guarantor for you?

No all on my billy own. Im 20 in May. Its insurance which is going to be killer. I need something thats going to be £1000k or less a year preferably.

Cant call today as im at work and havent got the number. Ill do it tomorrow afternoon.

Not always mate. Depends what Rate of APR you are at.

At a higher amount you usually get a lower rate so you may find out you pay less!

Hmmm interesting! Now i really dont know what to do!

[ne_jam]

you could always get a settlement for the outstanding balance , then go to your bank and get a perosnal loan at say 4000 over 42 months and pay about 120-130 a month at an intrest rate of arond 10-16% due to ammount and age

[Danr]

Hmmm interesting! Now i really dont know what to do!

I was looking at certain cars around the 4k mark. The amount of the finance would mean i had a higher APR than if i bought a 7k car. Hence the reason i'm liking the Megane over say a gti180. Although in reality i'd probably be better off putting the loan amount in a savings account, driving the 206 into the ground and paying cash for a 180.

[Barry123]

matt sell the car.

Pay off the outstanding figure.

buy something cheap and shit.

[Danr]

matt sell the car.

Pay off the outstanding figure.

buy something cheap and shit.

Amen brother.

[mattchewone]

matt sell the car.

Pay off the outstanding figure.

buy something cheap and shit.

I wouldnt be able to pay it off though.

Not sure how much i would get for selling it. Im guessing id still owe a max of £2k which would take me ages to pay off then i would still need to buy a car otherwise i wont be able to make it to work.

Either way im fucked royally!

[AlexR]

http://www.envirowise.gov.uk/media/attachments/243699/money_down_drain.jpg

You need to sell the car, even if the sale of it doesn't cover the finance, save up until you have enough, a few months of staying in and being frugal should cover that hopefully.

You are mad for taking on a 5 year loan @ 30% apr.
I put my clio on a credit card with set payments every month of £300 month, 2 years and 2 months to pay off, 0% interest and will transfer when that runs out to another card, paying 2% fee on the transfer, which is £88. The arrangement fees on my old car finance were more than that!(which was 7% apr)

If you clear your car, you will have a clean slate, get a 3yr finance deal secured on the new car, will be 5%-10%apr depending on cred rating and company, you'll end up much better off.

[Luke]

AlexR does talk sense matey.

Have you got a good credit history I presume?

[mattchewone]

I need to be able to get to work.

It may be money down the drain but at the minute its paying for me to get to work and earn some money. I have a flat to pay for now so i cant just sell up and stay at home.

It could take me months to clear the outstanding finance. I couldnt afford to be without a car for that long tbh.

I would say my credit history should be pretty good. Never missed a payment, got accepted finance, got accepted mortgage. Got two credit cards.

[mattchewone]

Just been on CCUK, i could expect to get from £3-£3.5k for it.

Surely if i trade it in for a car similiar price i could get the remaining £1-2k on finance at a lower rate = better? No?

[ne_jam]

like i said get a personal loan on a lower apr and pay outstanding balance and just repay the loan back

[mattchewone]

What about another car? I still need transport.

Any Suggestions?

[Grant]

im thinking of going on finance soon, if i do it'l probably be a new clio

the final payment always puts me off though

[Barry123]

What about another car? I still need transport.

Any Suggestions?

matt. something massively shit and cheap

I'm being deadly serious... how how how you thought 30% was a good deal at the time I'll never know.

[Mikey]

finance is a cunt.

simple tbh matt mate.

my corsa is on finance also.

its cost me 270 a month, however i get car allowence of 300 so its covered.


my finance apr was less than what the bank offered me on the loan. i know is under 10% not sure on the exact percentage.

[Luke]

Bank Loan is probably your better option, but it depends on APR I guess.

Who do you bank with?

[mattchewone]

matt. something massively shit and cheap

I'm being deadly serious... how how how you thought 30% was a good deal at the time I'll never know.

I dont want a real shit heap though. Why bother selling it to get a piece of crap?

I know im being mugged off but its not as if i cant afford to pay the payments i just want something different and better. So selling to get shit heap is going backwards.

[mattchewone]

Bank Loan is probably your better option, but it depends on APR I guess.

Who do you bank with?

I bank with Barclays buddy.

[Mikey]

I dont want a real shit heap though. Why bother selling it to get a piece of crap?

I know im being mugged off but its not as if i cant afford to pay the payments i just want something different and better. So selling to get shit heap is going backwards.

cars not everything dude.

[Luke]

I bank with Barclays buddy.

Was hoping you'd say that...

Do you have online banking? If so, have you checked your pre-approved offers?

[mattchewone]

cars not everything dude.

Mean everything to me. I know that sounds really sad and shit but tbh i live for cars lol just a shame i cant drive a decent one.

Was hoping you'd say that...

Do you have online banking? If so, have you checked your pre-approved offers?

I got a thing threw the post before i moved out, about 2-3weeks ago. £4500 at a great! 27.9% APR i think it was!

Not good tbh Barclays wont give me a decent loan for some reason! I went to them before i bought my corsa as i was convinced at buying a corsa VXR luckily i didnt lol that would of been a mistake.

[Luke]

Who are you credit cards with?

Maybe try with them, unless you could offset one on your mortgage if possible?

[AlexR]

Matt i don't mean sell the car and save till you can clear finance, i mean save while you still have the car, when you have enough cash, you can sell the car and clear it, although TBH you will struggle to sell a car with outstanding finance as the finance is secured on the car which means that whoever owns it will be responsible for making sure it's paid, it will show up on HPI.

Overall, the simplest idea would be to get a bank loan(best to get your parents to get one as much harder to get bank credit as it's not secured on anything, requires a much higher rating per amount borrowed) To clear the finance, then you can chose what you do with the car, sell it when you want etc. The interest rate will be lower, the monthly payment will be higher but it'll be cleared sooner! Also this leaves you totally open to do what you want.

[Barry123]

I dont want a real shit heap though. Why bother selling it to get a piece of crap?

you've got a piece of crap at the moment though - it's a mid spec corsa!

car gets you to work yeah? so why get something mega expensive simply to get you to work. Sell the corsa, cover what you owe, get a car that gets you to work.

The whole status thing with a car I've never understood for the life of me.

[mattchewone]

Who are you credit cards with?

Maybe try with them, unless you could offset one on your mortgage if possible?

Mortgage i doubt because i have just got it tbh. Credit cards mint is the one with monies on at the moment ( about £1k house stuff ) Ill hopefully be getting a Virgin card to transfer the money across to, in order to get 0%

I also have a Barclayscard that i refuse to use as that is a ridiculous 27%!

I think my two options are - stay with rip off finance for ever!
- part ex with a garage on a car and swap to a better finance.

[Barry123]

Who are you credit cards with?

Maybe try with them, unless you could offset one on your mortgage if possible?

sorting out one debt with another isn't going to get him out of debt though.

Alex has the right attitude... get a credit card with the introductory 0% APR. buy (within reason) what you like. Pay it off within the year... happy days.

[James_Skylit]

Nooo, sell the car, buy a small shity car to use for a FEW months, then pay off the outstanding finance with the money, then you have a clean slate and can get a new car on fresh finance if you wish.

3 or 4 months with a older smaller car aint that bad braah

[Mikey]

you've got a piece of crap at the moment though - it's a mid spec corsa!




bit offensive adds lad.

no need tbh.

[mattchewone]

Matt i don't mean sell the car and save till you can clear finance, i mean save while you still have the car, when you have enough cash, you can sell the car and clear it, although TBH you will struggle to sell a car with outstanding finance as the finance is secured on the car which means that whoever owns it will be responsible for making sure it's paid, it will show up on HPI.

Overall, the simplest idea would be to get a bank loan(best to get your parents to get one as much harder to get bank credit as it's not secured on anything, requires a much higher rating per amount borrowed) To clear the finance, then you can chose what you do with the car, sell it when you want etc. The interest rate will be lower, the monthly payment will be higher but it'll be cleared sooner! Also this leaves you totally open to do what you want.

Parents are in a worste position than me and probably wouldnt be able to get a loan ay better than me tbh.



you've got a piece of crap at the moment though - it's a mid spec corsa!

car gets you to work yeah? so why get something mega expensive simply to get you to work. Sell the corsa, cover what you owe, get a car that gets you to work.

The whole status thing with a car I've never understood for the life of me.

Its a reasonably high spec one ish. Im not wanting something mega expensive tbh, just dont want a heap 'o' shit like my first saxo.

I was thinking an A3 maybe, i quite like the 1.8T but i know thats unrealistic.

There is no point me selling until i can find a car that i can buy in its replacement. I personally dont see the point in selling to get a crap run around to then buy another car.

[Barry123]

bit offensive adds lad.

no need tbh.

no no no you've got me wrong dude... I didn't mean it's crap outright. I mean respectively it's in the same class as a saxo/c2 and neither feature highly on the grand scheme of things.

What I'm trying to get at is he has a car which, if honestly, isn't special, yet he's paying a ridiculous amount for.


I've never financed a car in my life... how much are these rates typically then?

[Luke]

Mortgage i doubt because i have just got it tbh. Credit cards mint is the one with monies on at the moment ( about £1k house stuff ) Ill hopefully be getting a Virgin card to transfer the money across to, in order to get 0%

I also have a Barclayscard that i refuse to use as that is a ridiculous 27%!

I think my two options are - stay with rip off finance for ever!
- part ex with a garage on a car and swap to a better finance.

Get a settlement figure tomorrow mate and then take it from there.

I'm going away in the morning for a few days, do you want my number for any advice? I have been down this route twice and also seen others go down it, so understand it quite a lot lol.

sorting out one debt with another isn't going to get him out of debt though.

Alex has the right attitude... get a credit card with the introductory 0% APR. buy (within reason) what you like. Pay it off within the year... happy days.

I'm trying to help in terms of getting a lower APR loan on the car, to help him with his finance and not get ripped off though as I think that's the first option to be honest.

[Barry123]

Its a reasonably high spec one ish. Im not wanting something mega expensive tbh, just dont want a heap 'o' shit like my first saxo.

I was thinking an A3 maybe, i quite like the 1.8T but i know thats unrealistic.

There is no point me selling until i can find a car that i can buy in its replacement. I personally dont see the point in selling to get a crap run around to then buy another car.

I don't see the point in continuing to pay out of your arse for a car not worth the finance it's currently on.

[Mikey]

sounds to me as if the garage just talked you into the car tbh mate.

i agree with ads on a worse car till you get straight.

i had to do it with my mg zr when i wrote of my gti 106.

its a step back to step foward.

[Luke]

no no no you've got me wrong dude... I didn't mean it's crap outright. I mean respectively it's in the same class as a saxo/c2 and neither feature highly on the grand scheme of things.

What I'm trying to get at is he has a car which, if honestly, isn't special, yet he's paying a ridiculous amount for.


I've never financed a car in my life... how much are these rates typically then?

When I bought the VTR, I got it with Citroen Finance and it was 6.9% APR which is quite reasonable and it was over 2 years too.

[Barry123]

When I bought the VTR, I got it with Citroen Finance and it was 6.9% APR which is quite reasonable and it was over 2 years too.

that's more like it tbh


...still wouldn't ever get finance mind.

[mattchewone]

Luke PM me your number mate. Ill ring tomorrow and ill let you know the outstanding balance if you want and then just go from there tbh.

I will not sell to get a car thats worst lets just keep this in mind. The point of this thread was to see what i can to in order of part ex/selling in order to upgrade tbh and in the process getting a better APR or what ever.

I understand my car is not the best etc but its way better than my saxo etc, it runs well its solid, got all the features i wanted. I had no option but to finance i come from a pretty poor background tbh, and i just rushed if im totally honest but life is a learning curve.

[mattchewone]

I don't see the point in continuing to pay out of your arse for a car not worth the finance it's currently on.

I understand where you are coming from totally dude. But i just dont want to sell to get a heap of shit. What are you classing as a heap of shit?

[Barry123]

I understand where you are coming from totally dude. But i just dont want to sell to get a heap of shit. What are you classing as a heap of shit?

saxo :cool:

[Luke]

that's more like it tbh


...still wouldn't ever get finance mind.

Agree, bad idea to get a car on finance and I have learned that now too. To be fair though, for the money I was paying back on the Saxo extra is wasn't much and I settled it within 6 months anyway.

Luke PM me your number mate. Ill ring tomorrow and ill let you know the outstanding balance if you want and then just go from there tbh.

I will not sell to get a car thats worst lets just keep this in mind. The point of this thread was to see what i can to in order of part ex/selling in order to upgrade tbh and in the process getting a better APR or what ever.

I understand my car is not the best etc but its way better than my saxo etc, it runs well its solid, got all the features i wanted. I had no option but to finance i come from a pretty poor background tbh, and i just rushed if im totally honest but life is a learning curve.

We all make mistakes mate, trust me I have done it twice now with cars but it's all good now.

Just way up your options, I know you are paying out your ass really for the car but with you getting the flat I understand you probably ain't in a position to go wasting money either in the meantime and whatever you do with the car, you are going to lose out at first - even with a lower APR loan/finance agreement as you always do but in the long term you'll save money hopefully.

I'll send my number across now, but I'm doing an 8 hour drive tomorrow so if I don't answer, I will ring you when I get a chance.

Luke

[mattchewone]

I work quite late and dont get a signal at work lol leave me a message or a text if you can dude.

It was a pretty bad mistake but we all make them as you say. I just want something with a bit more poke im fed up of having only ever had a 1.2 and my mates having 1.6l's and 2.0l's. All i have ever wanted is a nice car and bit of power. (not to race im not a dick!)

[Barry123]

naaa... I mean something that costs no more than £500-1000. Means your insurance is a LOT lower as well :y:

Even if you have to replace it after a year it's still cheaper than paying the £180 per month you're currently paying by quite a margin.

I'm only posting like a bastard in this thread because I don't want to see you learn the hard way, or harder than you already have. I'm not being argumentative for the sake of it :)
If money is tight then sometimes its best (however hard) to get rid of luxuries for a short duration. Short term pain, long term gain ;) Live by your means, not beyond them.

Genuinely, cheap doesn't necessary mean shit. There are plenty of interesting and reliable cars available for no more than £1000 which you'd certainly enjoy driving, and at a lower cost.

ads

[Luke]

I can see where Sayer is coming from there too to be honest.

Just way up all options mate - ring me when you can mate, I'll text you when I'm free or that.

[mattchewone]

naaa... I mean something that costs no more than £500-1000. Means your insurance is a LOT lower as well :y:

Even if you have to replace it after a year it's still cheaper than paying the £180 per month you're currently paying by quite a margin.

I'm only posting like a bastard in this thread because I don't want to see you learn the hard way, or harder than you already have. I'm not being argumentative for the sake of it :)
If money is tight then sometimes its best (however hard) to get rid of luxuries for a short duration. Short term pain, long term gain ;) Live by your means, not beyond them.

Genuinely, cheap doesn't necessary mean shit. There are plenty of interesting and reliable cars available for no more than £1000 which you'd certainly enjoy driving, and at a lower cost.

ads

I know your only trying to help but i get a little defensive when cars are being talked about lol i have waited so long to be able to drive (ask my parents i was moaning and wanting to drive for ever) now its like im waiting that whole time again to get a decent car.

Whats would you suggest to do? How am i going to sell? It has outstanding finance, how am i to pay the remaining balance? Cant get a loan or dont want to use cred cards as i already have about £1k on a card.

Post up some of your suggestions of cars buddy.

I am not saying i cant afford to pay the current finance as we have budgeted for it so it is all fine! Although having less would mean we would have more to spend.

[Barry123]

I just want something with a bit more poke im fed up of having only ever had a 1.2 and my mates having 1.6l's and 2.0l's. All i have ever wanted is a nice car and bit of power. (not to race im not a dick!)

woah... don't get into the power wars with you friends... means ££££'s wasted. If had done that I would have sold the derv a year after owning, bought a furio, then year and a half later bought a vtr, and then probably be stuck at a VTR now. Would have cost me a LOT more than sticking with the 1.5d for three years (i miss it a lot so might buy another actually towards the end of the year). I found it was more fun to get lifts in mates car with more power, they pay for the additional insurance, tax, cost of buying and I didn't have to pay shit.... who's the winnaaaaar?

me me me

[Barry123]

I know your only trying to help but i get a little defensive when cars are being talked about lol i have waited so long to be able to drive (ask my parents i was moaning and wanting to drive for ever) now its like im waiting that whole time again to get a decent car.

Whats would you suggest to do? How am i going to sell? It has outstanding finance, how am i to pay the remaining balance? Cant get a loan or dont want to use cred cards as i already have about £1k on a card.

Post up some of your suggestions of cars buddy.

without figures... I'm useless! we need to wait till tomorrow for settlement fees, car value etc etc

Out of interest... what happens if you just stopped paying? Would they take the car and leave you alone???

[mattchewone]

woah... don't get into the power wars with you friends... means ££££'s wasted. If had done that I would have sold the derv a year after owning, bought a furio, then year and a half later bought a vtr, and then probably be stuck at a VTR now. Would have cost me a LOT more than sticking with the 1.5d for three years (i miss it a lot so might buy another actually towards the end of the year). I found it was more fun to get lifts in mates car with more power, they pay for the additional insurance, tax, cost of buying and I didn't have to pay shit.... who's the winnaaaaar?

me me me

You are a strange boi lol although it does make sense i just like having the attention some of the time i know that sounds ghey and strange. I cant explain it tbh.

Grrrr so stuck with what i want to do. Plus what to buy???

[Luke]

Would you settle for something older Matt, something if you like a bit more power, cheaper but looks good?

[mattchewone]

without figures... I'm useless! we need to wait till tomorrow for settlement fees, car value etc etc

Out of interest... what happens if you just stopped paying? Would they take the car and leave you alone???

lol Erm tbh im not too sure! How would i find out? You suggestion i refuse and just give the car back?

Ill get on to the tomorrow.

For now what car you suggestion i'd rather not a saxo tbh. Mine was just trouble some and the lower spec ones are boring lol.

[mattchewone]

Would you settle for something older Matt, something if you like a bit more power, cheaper but looks good?

Age doesnt bother me that much tbh. I quite like some old cars, just depends what and how old - if there is going to be any problems? Insurance is the biggest problem.

[Luke]

They would take the car from you and would seriously effect your credit rating I'd imagine.

[Luke]

Age doesnt bother me that much tbh. I quite like some old cars, just depends what and how old - if there is going to be any problems? Insurance is the biggest problem.

How many NCB you got? When is the next NCB due?

I'm lucky, just turned 21 and can insure pretty much anything now....:D

BMW 330i - £1100 FC\Focus ST - £1300 FC\ Clio Trophy - £900 FC.

It's ace been old ;)

[mattchewone]

Im only 20 in may so age is against me at the moment in this sense.

I have 0NCB and wont have any at all ever. As they wont insure me on my own. At the minute the Corsa is under the missus name and im a named driver with Direct Line. In May ill have 1 named driver NCB. Other than that i have 3 years driving experience no crashes through insurance.

Luke what cars do you have in mind?

[Luke]

Ah, is that how it works....how come come they won't insure you on your own? Only problem is, having one years NCB as a named driver means if you wanna keep that NCB you have to stay with Direct Line etc.

Not sure what cars mate, I mean it depends what size you are after I guess and what engines you want to go upto? Would you fancy Diesel?

[mattchewone]

I thought about diesel last time but my mate started winging about it being a van and i stupidly listened.

Although a nice TDi wouldnt be too bad i reckon.

Engine size all depends on insurance tbh 1.9tdi i dont think would be that bad, although petrol i think 1.6/1.8 depends.

I know i also dont think i want to stay with direct line as they are a rip off.

[Luke]

Direct Line are No.1 for my business next year to be honest.

Don't listen to your mates about Diesels, I love them and probably won't go back now - only car I would go back for is a Ford Focus ST in Orange and that's it. I guess it depends on your mileage too though - presume you won't do much? Obviously Diesels are more expensive to buy in the first place, but you'll find are cheaper in other areas - car tax, insurance (in my case anyway) and obviously fuel lasts longer in it but if you ain't doing the mileage then the extra price per litre doesn't pay off if that makes sense.

Anyways, if you fancy a diesel - I'd consider it.

[mattchewone]

I think it would need to be a tdi for me to consider it.

I do to and from work week days about 10min journey either way. Other than that weekends ill go out and about Brighton, T.Wells any where i feel like driving if necessary. If not then it wont get driven till i go to work, i wouldnt say mileage is huge max 6/7k a year i reckon.

[Luke]

TDi, HDi, DCi and TDCi are all as good as each other to be honest mate. The TDis are a little more refined then the HDi IMO, but mine is a good engine.

Don't you fancy something like a 206 XSi HDi? Top end of the range model - climate control, auto lights/wipers, cruise control (I think), CD changer etc. I know you won't do mileage to save costs on the fuel, but I guess you'll get more out of tank and they are 90BHP engines which are quite powerful.

[mattchewone]

TDi, HDi, DCi and TDCi are all as good as each other to be honest mate. The TDis are a little more refined then the HDi IMO, but mine is a good engine.

Don't you fancy something like a 206 XSi HDi? Top end of the range model - climate control, auto lights/wipers, cruise control (I think), CD changer etc. I know you won't do mileage to save costs on the fuel, but I guess you'll get more out of tank and they are 90BHP engines which are quite powerful.

Its still less than mine lol and it will be slower than mine lol. Are all the HDi etc turbos?

Ill take a quick look at the 206 now. Although im personally not too keen on them.

[Luke]

It won't be slower than yours mate, IIRC 1.2 SXis are 75bhp I think? Plus with the torque from an HDI, you'll be off mate....

They are turbos - Dad has the same engine in his Citroen Dispatch Van, something that can carry 900KG day in, day out and the engine was FAULTLESS. He did 100k in that van in 3 years and it didn't once miss a beat, even with a van full of house stuff it pulled well too. I think Peugeot actually developed the Diesel Engine, can't fault them.

[Barry123]

your corsa has 70 hp hasn't it???

[mattchewone]

Mines been RR'd at approx 100bhp with the full SS mani and sports cat. I know its not alot tbh but it does its job lol

[AlexR]

If the car is reposessed and the trade value is lower than the outstanding finance(plus there are reposession charges, and the value they give the car is low) then they will demand the remaining amount, and if you don't pay it you'll end up with a CCJ as well!

Secured car finance is something you really don't wanna fuck up.

And you can't sell the car until the finance is cleared, so you have to part ex it and get new finance terms on the new car, or get money another way to pay the finance off in full.

[Luke]

Oh yeah, forgot you had that done to it - can't you sell them?

I still think the HDi would be quicker though, it's all about the torque...;)

[AlexR]

206 1.6 HDis are 110bhp with plenty of torque, very nice cars actually! Same engine in the C2VTSd and Lukes car!

But it's hardly a super desireable car lol

Regardless, it'd be a good idea to clear the finance on the corsa, even if it's just to buy another corsa on better terms! You could probably have the same repayments but a year less of them!

[Luke]

The older 206s are 2.0 HDI 90bhp Alex ;)

I think upto 54 plates which is when the 110bhp engine was released. As Alex said though, 1.6 is a good engine and the 307 to be fair is pretty quick for what it is.

[mattchewone]

Any other suggestions? Some variety on cars both diesel and petrols?

Still not keen on the 206's though tbh.

What about going to a garage to get a car thats <£1k-£2k and putting the remaining finance on a credit card or is that not possible? Will have to try and save once we have paid of the current card.

In the mean time i need to pick a car though lol.

I'm personally not a fan of the pug ranges, no offence Luke. I have nothing against them just not for me i think.

[Barry123]

206 1.6 HDis are 110bhp with plenty of torque, very nice cars actually! Same engine in the C2VTSd and Lukes car!

I think there was a change over between older 8v (90hp) and the newer 16v on the 1.6's dude... but just for general info to keep an eye out matt if you start having a looky :)

[Luke]

You could go into a garage, get a new car and put the negative equity on a credit card yeah. Then just start a whole new agreement, but then you need to look at interest on credit card etc and how long it will take - becomes messy then.

I'm off to bed in a minute, as I have a long drive tomorrow. Give us a text tomorrow buddy and we'll have a chat.

[mattchewone]

You could go into a garage, get a new car and put the negative equity on a credit card yeah. Then just start a whole new agreement, but then you need to look at interest on credit card etc and how long it will take - becomes messy then.

I'm off to bed in a minute, as I have a long drive tomorrow. Give us a text tomorrow buddy and we'll have a chat.

Yer thats cool mate! Once ive rang and got the settlement figure ill give a text or something buddy.

Hmmm are there any other decent slightly older TDi's that wont rape me on insurace and be pokey ish.

[AlexR]

Ads there was no 8v 1.6. As luke states, there were different 2.0 engines though, 90bhp was 8v.

Matt - the best way is to clear the finance in total then go from there, because any motor dealer will want a good chunk of money for themselves, no matter how good the deal looks, it could be better. If you go to a dealers and want a part ex, you will basically walk in with your car, and walk out with a shitter one, with a similar amount of finance. If your car's worth 4, your finance is worth 5, you get a 2k car, that's 7k cost, 4k back. You'll still have 3k on new finance, for a £2k car, you could get a £5k loan, and then sell the corsa, pay back £4k of the loan and get a better car privately, plus the loan rate would be favourable to the dealers finance rate.

[mattchewone]

Ads there was no 8v 1.6. As luke states, there were different 2.0 engines though, 90bhp was 8v.

Matt - the best way is to clear the finance in total then go from there, because any motor dealer will want a good chunk of money for themselves, no matter how good the deal looks, it could be better. If you go to a dealers and want a part ex, you will basically walk in with your car, and walk out with a shitter one, with a similar amount of finance. If your car's worth 4, your finance is worth 5, you get a 2k car, that's 7k cost, 4k back. You'll still have 3k on new finance, for a £2k car, you could get a £5k loan, and then sell the corsa, pay back £4k of the loan and get a better car privately, plus the loan rate would be favourable to the dealers finance rate.

I dont think i can get a loan though as Barclays want plus 20% APR. Could i get private finance not secured against the car to pay of the current finance, then pay off what i get back from the Corsa? Then be left with something like £1k on the new finance company to get a new car privately?

[Barry123]

Ads there was no 8v 1.6. As luke states, there were different 2.0 engines though, 90bhp was 8v.

swear there was an 8v... non??????????

im a fucking retard.






bye.

[AlexR]

They do 1.4 8v and 16v hdi sayer!

1.6:
DV6 ATED4 90 PS (88 hp/66 kW) turbo-Diesel 16-valve
DV6 B 75 PS (73 hp/55 kW) turbo-Diesel 16-valve
DV6 TED4 110 PS (108 hp/80 kW) turbo-Diesel 16-valve

Anyway lol

Matt, if it's finance it's going to be secured, if it's a loan it's either secured on a property or unsecured generally. If you want £1k to spend you're going to have to get a £6k loan, 4k will be paid off by the sale of corsa, £1k will be left over after the £5k finance settlement for another car, meaning you have £2k on loan finance still if that makes sense?

[mattchewone]

They do 1.4 8v and 16v hdi sayer!

1.6:
DV6 ATED4 90 PS (88 hp/66 kW) turbo-Diesel 16-valve
DV6 B 75 PS (73 hp/55 kW) turbo-Diesel 16-valve
DV6 TED4 110 PS (108 hp/80 kW) turbo-Diesel 16-valve

Anyway lol

Matt, if it's finance it's going to be secured, if it's a loan it's either secured on a property or unsecured generally. If you want £1k to spend you're going to have to get a £6k loan, 4k will be paid off by the sale of corsa, £1k will be left over after the £5k finance settlement for another car, meaning you have £2k on loan finance still if that makes sense?

A Little confused there tbh. Jar i think that makes sense.

Still i cant get a decent loan that is going to be better than the finance i currently have.

Not sure if £1k will be enough to get a decent ish car to use for now.