Hi all,
First post here. Been reading some of the helpful posts on here, great place.
Bit of context; 2 years ago I took out a Car Finance 24/7 / Advantage Finance deal on a Ford Mondeo, £115 per month. I'm now past the half way point with a flawless payment history.
Since picking the car up there has been an oil leak / problematic turbo, I've never got these done as I just simply couldn't afford to sort both. I took the car back to the garage a few days after I got it, the chap working there said the warranty didn't cover stuff like that so it'd be a chargeable repair; had a few personal things going on at the time and left it for a bit.
Fast forward now - MOT is due, failed unfortunately, looking at £350 to get it sorted (2 new tyres, rear bearing, rear shock absorber and front to rear brake pipe). As it stands, I can't afford to get that all sorted now, but I also want out of the deal before the car nets me a massive loss.
I have emailed CF247 to instigate the VT which they've immediately replied, agreed with and informed I have 0 to pay but will be subject to inspection for damages and needs an MOT.
Would anyone have any advice on whether it's worth taking the punt at letting them sort the MOT themselves or should I bite the bullet and get all those things done to then hand it back? It's not something I can afford without putting myself into arrears with other payments but I still don't want to be hit with severe penalties and charges from CF247 charging triple the cost.
If anyone needs any more info don't hesitate to let me know
Regards
First post here. Been reading some of the helpful posts on here, great place.
Bit of context; 2 years ago I took out a Car Finance 24/7 / Advantage Finance deal on a Ford Mondeo, £115 per month. I'm now past the half way point with a flawless payment history.
Since picking the car up there has been an oil leak / problematic turbo, I've never got these done as I just simply couldn't afford to sort both. I took the car back to the garage a few days after I got it, the chap working there said the warranty didn't cover stuff like that so it'd be a chargeable repair; had a few personal things going on at the time and left it for a bit.
Fast forward now - MOT is due, failed unfortunately, looking at £350 to get it sorted (2 new tyres, rear bearing, rear shock absorber and front to rear brake pipe). As it stands, I can't afford to get that all sorted now, but I also want out of the deal before the car nets me a massive loss.
I have emailed CF247 to instigate the VT which they've immediately replied, agreed with and informed I have 0 to pay but will be subject to inspection for damages and needs an MOT.
Would anyone have any advice on whether it's worth taking the punt at letting them sort the MOT themselves or should I bite the bullet and get all those things done to then hand it back? It's not something I can afford without putting myself into arrears with other payments but I still don't want to be hit with severe penalties and charges from CF247 charging triple the cost.
If anyone needs any more info don't hesitate to let me know
Regards
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