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Car Forum / UK Car Forums / General Car Topics (UK group) / August 2004Car condition when handing car back to finance company
I will be handing my clio back to the renault finance next month under my right to terminate. The car is 2.5 years old and has 25k on the clock. They have said that I need to write to them and tell them the date I have done with it and they will instruct the auction house to fetch it on that day and cancel the direct debit. Condition-wise they have said standard wear and tear is ok. I am a bit worried about a slight dent in the bonnet where someone chucked a bottle at it the day I bought it. Also the hub caps on the left have some bits missing. There is also some buckling on the front wheels and the front bumper is ever so slightly out of shape from a small bump I had a couple of years back. Is any of this going to be a problem or will it just get flogged at the auction and that be that? Also would there be anything to stop me going down the auction and bidding for it myself incase it goes for less than my settlement figure (it is in negative equity). I would ask them for their wear & tear guidelines. Bear in mind that any problems will result in a reduced sale value and therefore not be in your favour. The bonnet damage will probably not be wear and tear. Look in Yellow Pages for a smart repairer (Dentman/Magician) and consider repairing it if the paint is not broken. Genuine wheel trims are expensive but do not fit naff Halfords ones. It will devalue the car! I would ignore these as a buyer can see they are replaceable What do you mean by buckled wheels? If you mean bent/damaged rims I would not worry too much. Is the 'buckle' obvious when the car is stationery? The bumper is probably not too serious if it is a slight deformity but let the dent man advise. Is the bumper misaligned? I presume you could visit the auction and bid but will you be able to find out which auction it is going to? If you do bid, be prepared to buy it! I would not bid unless you mean it as it is a) fraud and b) stupid to try it. The seller, other bidders and the auctioneer will guess! Alan Steele Steeles of Worthing www.steeles.co.uk > I presume you could visit the auction and bid but will you be able to find > out which auction it is going to? If you do bid, be prepared to buy it! I > would not bid unless you mean it as it is a) fraud and b) stupid to try it. > The seller, other bidders and the auctioneer will guess! I think the point he was making is that he wants to bid to buy the car, becuase he feels it will sell at auction for less than his settlement figure. How much the finance company sell the car for has absolutely nothing to do with his contract, once they've collected it its terminated, afaik. So if it turns up at the auction house looking like a shed, people could be wary of bidding for it. Except the original poster who knows exactly what sort of condition it is, and can bid away safe in the knowledge he's buying a car he knows everything about. > I think the point he was making is that he wants to bid to buy the car, > because he feels it will sell at auction for less than his settlement > figure. Sounds to me like he'd be better off bidding on another car in better condition!  SignatureRemove Xs to reply direct > > I think the point he was making is that he wants to bid to buy the car, > > because he feels it will sell at auction for less than his settlement > > figure. > > Sounds to me like he'd be better off bidding on another car in better > condition! Other than the cosmetic imperfections, I'd presume he is quite happy with the car, he knows its complete history as he's owned it from new, he knows everything about the car, and knows it's mechanically sound. You can't say that about any other auction buy :) > Other than the cosmetic imperfections, I'd presume he is quite happy with > the car, he knows its complete history as he's owned it from new, he knows > everything about the car, and knows it's mechanically sound. > > You can't say that about any other auction buy :) I think I'd take my chances...! SignatureRemove Xs to reply direct > I think the point he was making is that he wants to bid to buy the car, > becuase he feels it will sell at auction for less than his settlement > figure. How much the finance company sell the car for has absolutely nothing > to do with his contract, once they've collected it its terminated, afaik. No the bidding part was just hypothetical, I have a cooper due in september but don't want the finance company sending me a bill for these minor bits of damage. I am sure a new bonnet, front bumper and front wheels wouldnt be cheap to replace even though none of it is really noticable. > No the bidding part was just hypothetical, I have a cooper due in > september but don't want the finance company sending me a bill for > these minor bits of damage. I am sure a new bonnet, front bumper and > front wheels wouldnt be cheap to replace even though none of it is > really noticable. If the car is being auctioned, and you have to make up any downfall in the price it fetches, surely having to pay for any damage before is double jeopardy? Signature*Santa's helpers are subordinate clauses.* Dave Plowman dave@davenoise.co.uk London SW To e-mail, change noise into sound. Sorry, I didn't read the post properly. Handing back under the right to terminate is fine, I was thinking it was going back because he was in default in some way. SignatureAlan Steele Steeles of Worthing www.steeles.co.uk > I will be handing my clio back to the renault finance next month under > my right to terminate. When you hand it back it will be inspected by whoever picks it up - usually a simple check sheet like the one you get when you hire a car. Once it's signed off, that's it. In theory they could charge you if there was something major that was missed on the inspection - check the contract. In reality, the car will be taken straight to auction and the finance company will have no further involvement as long as the car sells and they get their money. If you think about it, it wouldn't be worth the expense of doing a thorough check for every car. You can always say it was ok when you gave it back and you have the paperwork to prove it. >Subject: Re: Car condition when handing car back to finance company >From: "Silk" me@privacy.net [quoted text clipped - 15 lines] >check for every car. You can always say it was ok when you gave it back and >you have the paperwork to prove it. Probably worth taking a few photos of the bodywork and having a friend witness them in case it mysteriously aquires any dents after being handed back. SignatureDave Baker - Puma Race Engines (www.pumaracing.co.uk) |
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