Should I Repair My Car?

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Should I Repair My Car?
Topic Started: Mar 6 2007, 02:34 PM (90 Views)
Spinky	Mar 6 2007, 02:34 PM Post #1
Unregistered	hello! I "bought" a car from YCC in April 2005, and so I will have paid off half the amount of finance by April this year. I intend to give it back and be free from this ridiculous company that has taken so much money from me! However I am concerned - in May 2005 I managed to dent both sides of the car (whoops!), and am yet to have them repaired. Do you think I should repair them before i give it back - will they charge me way more than it would actually cost? I also have lost two hub caps, replaced them, and lost two more. Do you think i should replace them again? Maybe buy a new set and stick them on the day i give it back?? Any help would be appreciated as I don't know what to do!!! Spinky :wacko:
Unregistered


Bakedalasker	Mar 6 2007, 02:47 PM Post #2
www.saynotoyes.co.uk Posts: 2,351 Group: Members Member #30 Joined: May 29, 2005	Hi Spinky, Your car should be returned in reasonable condition. You will be the best judge for that. Did you take out the insurances?



Spinky	Mar 6 2007, 02:52 PM Post #3
Posts: 2 Group: Members Member #1,100 Joined: March 6, 2007	Hi Bakedalasker Yes I did. I was just reading over my contract again. I took out the finance aged 18 on my own and am now re-reading it thinking what an idiot! I was told that the Gap insurance was a must otherwise I wouldn't get finance. I have no recollection of this mechanical Breakdown insurance - what exactly is that?! Having read other posts I am now terrified that they are going to be asking for remaining insurance payments etc. I don't understand! :wacko: Spinky



Bakedalasker	Mar 6 2007, 04:28 PM Post #4
www.saynotoyes.co.uk Posts: 2,351 Group: Members Member #30 Joined: May 29, 2005	The GAP insurance is perhaps the only one worth having. The mechanical breakdown is the so called warrenty. I have not heard any good news about it. Did you take out the PPI as well? I'm afraid if you do return your car then they will chase you for the remaining insurances. You took out your agreement when YCC were regulated by the FSA. It will be worth sending them a letter about the insurances. They will do a rigourous check to see if you have been missold. YCC dont have a good impression with the FSA.



Spinky	Mar 6 2007, 04:57 PM Post #5
Posts: 2 Group: Members Member #1,100 Joined: March 6, 2007	Bakedalasker Thanks for replying so quickly! Luckily I hard part of my head screwed on when i got the car and didn't get the PPI! I believe I was miss-sold the Mechanical Breakdown insurance seeing as I haven't got a clue what it is! The only insurance that i knew wasn't compulsory was the payment protection - everything else seemed to be a must to obtain the credit. I'm trying to understand how much i would have to pay in remaining insurance - can you help?! This is how it's written on the contract - I'll get confused if i attempt to re-word it! 10. �450 Mechanical Breakdown Insurance Cash Premium 11. �545 GAP Insurance Premium 12. �_____ Payment Protection insurance Cash Premium 13. �995 = Total insurance cash premium (10 + 11 + 12) 14. �100 Less: Down Payment Provided by customer 15. �895 Shortfall required by way of credit 16. �373.16 Add: Interest 17. �1268.16 Balance Payable (15 + 16) 18. 19.9% APR 20. 48 Number Of Monthly Insurance Instalments 21. �26.42 Amount of each Insurance Instalment (17 /20): the first payable one month after the date of this agreement. If i've paid 24 months what will they want from me now? Sorry to be long - winded but i'm so confused! And scared!! Many thanks Spinky



Bakedalasker	Mar 6 2007, 05:29 PM Post #6
www.saynotoyes.co.uk Posts: 2,351 Group: Members Member #30 Joined: May 29, 2005	I work out that the most you would have to pay is �634. You should get a refund from that because of the interest you dont need to pay. Not an expert on this bit. What will happen is YCC will send you a settlement figure. You will get 7 days to accept this. I would try my luck and offer them half of what they think you owe. They are so desperate to close this YCC thing I reckon they will bit your hands off. It will have to be a lump sum though so you will need to have the money. Let us know what you do.



gRoberts	Mar 6 2007, 06:21 PM Post #7
Posts: 86 Group: Silver Member Member #484 Joined: July 26, 2006	MBI is worth it, i've claimed twice and it's paid off. They paid for a new ECU (car's brain) and a new Alternator.



highwaystar	Mar 6 2007, 09:57 PM Post #8
Posts: 65 Group: Silver Member Member #321 Joined: February 23, 2006	I'd offer 10% of the (potential) sum owed, and start from there. HWYS.



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