« Reply #5 on: 23 March 2020, 08:25 »
It won’t hurt to ring around if you have time on your hands, calculate any loss you’ll make on the value of the car against how much interest you’ll pay over the life of the car finance term and see if the figures stack up.
I really hope it doesn’t come to that for you but possibly acting sooner rather than later might be wise if you’re sure you won’t be able to keep up payments as the longer this goes on the more everything will drop in value as financial hardship spreads. Dealers won’t want stock sitting around for months on end as it costs them in interest they pay on the car themselves and depreciation in an uncertain but depressed market.
Fingers crossed your income stays safe.
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‘25 8.5R, ‘23 8R, ‘20 8CS, ‘19 135iX, ‘19 TCR, ‘17 Ed40, ‘17 GTD, ‘15 7R, ‘13 GTI PP, ‘11 GTI, ‘09 GTI, ‘98 Ibiza Cupra, ‘05 GTI, ‘06 Polo GTI, ‘04 GT TDI, ‘05 Fabia vRS, ‘02 GTI T, ‘03 Ibiza TDI 130, ‘01 Leon 180, ‘89 mk2 16v, ‘99 Ibiza TDI, ‘96 VR6, ‘98 Ibiza TDI, ‘92 VR6, ‘88 mk2 8v, ‘92 Polo G40, ‘91 mk2 8v, ‘89 mk2 8v, 205 GTI 1.9, ‘83 mk1 GTI, ‘80 Scirocco GTI, plus some others I’ve forgotten
