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Hello Everyone
I am just about to take out car finance but the dealer has told me that they can only get so much money off of one lender so they have to get the rest off of another lender.
Now i wouldn't take out finance if I was not sure i could afford but god only knows what will happen in 2-3 years time say and I am left unable to afford repayments and so i just to know where I stand with the voluntary termination.
I have read up about the ins and outs of voluntary termination but what I cant find is what happens when the finance is with 2 lenders? Does it affect the outcome? Which lender takes possession of the car or is it split between the 2 after auction?
Any advice on this would be greatly appreciated before I sign on the dotted line.
Dave.
I am just about to take out car finance but the dealer has told me that they can only get so much money off of one lender so they have to get the rest off of another lender.
Now i wouldn't take out finance if I was not sure i could afford but god only knows what will happen in 2-3 years time say and I am left unable to afford repayments and so i just to know where I stand with the voluntary termination.
I have read up about the ins and outs of voluntary termination but what I cant find is what happens when the finance is with 2 lenders? Does it affect the outcome? Which lender takes possession of the car or is it split between the 2 after auction?
Any advice on this would be greatly appreciated before I sign on the dotted line.
Dave.
