| Title: | Cars in the UK |
| Notice: | Please read new conference charter 1.70 |
| Moderator: | COMICS::SHELLEY ELD |
| Created: | Sun Mar 06 1994 |
| Last Modified: | Fri Jun 06 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 2584 |
| Total number of notes: | 63384 |
Does anyone have any comments on/experience of
1) Hire-purchase from a garage covering the remainder of the cost
of a car (after part-ex etc).
2) Specifically, Vauxall's HP scheme. The APR 'seems' low (8.2%)
compared to a loan (14.8%), but the Terms and Conditions do seem
to restrict the pseudo-owner.
Kris
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 2265.1 | OK for me | WOTVAX::BROWNR | Fat boys on tour 1994 | Tue May 24 1994 12:57 | 10 |
I bought my Astra through Vauxhall's own HP scheme. Only had one
problem. When I paid off the remainder (I traded it in for another car)
they still continued to take the monthly payments out of my bank
account. Having said that they were equally as quick to repay the
overcharge when I pointed out the error of their ways. So generally I
was happy.
What terms and conditions are you specifically worried about ?
Andy.
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| 2265.2 | SAC::DARRALL_D | Durelli, Gripping Stuff !!! | Wed May 25 1994 21:23 | 12 | |
If you get a loan from the Bank to buy the car, and things turn nasty,
you will keep the car a whole lot longer than if you buy it on HP.
(Where it will be repossesed quickly).
The car may have a big impact on you making money to get yourself out
of trouble.
Having said that, I went for the HP scheme (Nissan) cause of the
reduced rate of interest. Why pay extra when you end up with the same
thing at the end of the day.
Dave D.
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| 2265.3 | HP for me. | IOSG::JONESK | Wales for the World Cup 1995 | Fri May 27 1994 17:00 | 7 |
Because of the much lower APRs, I chose to go for HP.
Now to go and pick it up!
Thanks,
Kris
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