Hi Everyone
I like to research to find answers to help with building up my online business. I love reading and music. I love studying and have interests in various subjects such as Law, English and being creative.
Back in May 2018 I bought a car from Advantage Finance Ltd on a Hire Purchase Agreement, I found some complications. I never got the agreement to which I have now got after the advice from Legal Beagles. I found the car needed a new engine that got done under warranty of the 3 months. I face VT due to personal complications, now my account is on hold until the end of this week commencing 8th Oct; to cut a long story short this was all done by finding the advice in Legal Beagles.
I managed to find the Value of the car 2010 model Renault Megane which now stands at £3,200.00 the loan of the car from Advantage Finance Ltd £3,950.00 with interest of £4,088.52 with other charges added on to the loan outstanding amount £8777.52; with a down payment of £239.00.
I have also taken photographic evidence, and have noticed a couple of scratches down the rear end passenger side, also rear end down to the driver's side. The scratches appeared by another car parking next to mine I have not noticed it before, until I took the photos. However, there had been scratches before the day the car got purchased I had it re-sprayed.
To-date I have only managed to pay 3 months of £154.88 and only just missed one payment due to personal complications.
I do understand that I should have paid at least half of the value of the car, but now I face with what Advantage Finance Ltd expects from me. I did my own calculations to what I thought it could be by taking the value of the car the day it got first purchased, by subtracting the value of the car as it stands today. That amounts to £750.00 I know I will be wrong with this, as the car is in immaculate condition apart from the scratches. I just need to know please what I face to pay back Advantage Finance Ltd. Can you please help me to understand this? I got told there would about £500 to pay back if the car got returned.
I like to research to find answers to help with building up my online business. I love reading and music. I love studying and have interests in various subjects such as Law, English and being creative.
Back in May 2018 I bought a car from Advantage Finance Ltd on a Hire Purchase Agreement, I found some complications. I never got the agreement to which I have now got after the advice from Legal Beagles. I found the car needed a new engine that got done under warranty of the 3 months. I face VT due to personal complications, now my account is on hold until the end of this week commencing 8th Oct; to cut a long story short this was all done by finding the advice in Legal Beagles.
I managed to find the Value of the car 2010 model Renault Megane which now stands at £3,200.00 the loan of the car from Advantage Finance Ltd £3,950.00 with interest of £4,088.52 with other charges added on to the loan outstanding amount £8777.52; with a down payment of £239.00.
I have also taken photographic evidence, and have noticed a couple of scratches down the rear end passenger side, also rear end down to the driver's side. The scratches appeared by another car parking next to mine I have not noticed it before, until I took the photos. However, there had been scratches before the day the car got purchased I had it re-sprayed.
To-date I have only managed to pay 3 months of £154.88 and only just missed one payment due to personal complications.
I do understand that I should have paid at least half of the value of the car, but now I face with what Advantage Finance Ltd expects from me. I did my own calculations to what I thought it could be by taking the value of the car the day it got first purchased, by subtracting the value of the car as it stands today. That amounts to £750.00 I know I will be wrong with this, as the car is in immaculate condition apart from the scratches. I just need to know please what I face to pay back Advantage Finance Ltd. Can you please help me to understand this? I got told there would about £500 to pay back if the car got returned.
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