hi everyone, i'm back again and the stress hasn't gone away. i am still making the 400 euro per month payments. i was told (when i phoned to make the laser payment this month) that i have one more 400 euro payment and then its back to 600 odd euro a month. i tried to reason with the man on the phone but he was having none of it. he stated that they already 'accommodated' me with one year of 300 euro payments and then the current 6 months payments of 400 euro. he said they will take my car when i told him tht there is no way i can make 600 odd euro payments. he said that the car is depreciating in value and that if they allow me for another 6 months to pay 400 euro, they are losing money the whole time!!
i am so stressed at the minute. i need my car, i have no savings so buying a new one is out of the question, and i mentioned before that our credit rating is bad.
the details of the agreement are as follows :
car : honda accord 2.2 diesel
bank : permanent tsb finance
cash price : e41,625 interest charge: e4,625
deposit/net trade in e11,625 documentation fee: e63
balance : e30,000 purchase installment : e38
initial repayment of e63 followed by 24 consecutive monthly payments of e608. initial payment on 1/7/07 and monthly thereafter. additional payment of e20,033 on 1/7/09
statutory notice :
1. the hirer must put an end to this agreement by giving notice in writing to any person who is entitled to collect or receive the hire-rent
2.the hirer must then either-
a) (i)pay any installments which are in arrears when he gives notice, and
(ii)if, when the hirer has paid those installments, the total amount under the agreement is less than e23,175.50, the hirer must also pay enough to make up that sum, or
b) purchase the goods by paying the difference between the amount already paid under the agreement and the hire purchase price after the latter amount has been reduced in accordance with section 52 or 53 or such lesser amount as may be specified in the agreement
after e15,450.34 has been paid, then, unless the hirer has put an end to the agreement without exercising the option to purchase the goods, the owner of the goods cannot take them back from the hirer without the hirers consent unless the owner has obtained a court order or is taking a motor vehicle back in ccordance with the following :
where the owner has made an application to the court for an order to recover possession of the motor vehicle, he may,if the vehicle has been abandoned or has been left unattended in circumstances likely to result in damage to, or more than normal depreciation in the value of the vehicle, and if the agreement so provides, take back the vehicle and retain possession of it during the ensuing period prior to the making by the court of an order for the purpose of protecting the vehicle from damage or depreciation
the closing balance today is e17, 897.21 cent
typing one handed here! baby in my arms
does the half rule apply to me? any other advice welcome