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lol at Fix it again tomorrow. I know they arent the greatest when they get older, but its new with 3 year warranty so if anything goes wrong i'm covered. It wasnt just the reliability issues, I was spending too much on petrol, and was going to have to put it back to standard to get a reasonable inusrnace premium. Buying the new punto is saving me money on a month to month basis and on servicing, tax etc. All in all it was the best financial option, helped by the deal the dealer did for me! Its on a hir purchase scheme, they bought the clio off me for more than its worth and paying my first years insurance. Couldnt argue with that!
Iain C
ClioSport Club Member
drank too much petrol?
Might have been better with a loan, as until you've made that balloon payment, the car isnt yours. If you miss a payment, you lose the car, and any previous payments.
Loan may have been cheaper too!
But nice car fella. Lol at the rattles comments, its a new car, and you've come from a clio, it'll be fine!
Loan may have been cheaper too!
But nice car fella. Lol at the rattles comments, its a new car, and you've come from a clio, it'll be fine!
Chocolate Bar™
mines on HP - probably the best decision ive made in ages. have to miss 3 payments in a row and not contact them before they can take a court injunction to have the car removed from your possession - so the same as if you had a loan. as the cars legally theres, there is less risk, so you get a much better APR deal, especially so if your young with no real credit history like myself. i opted for straight payments and no balloon, but if you dont want the car for longer than 3 years and fancy just chucking it in then it can make sense based on the APR charged, and the likely condition of the vehicle.
the other benefit i experienced, is that if theres a serious fault you give the car back to your HP company citing its not as described and they get you a new one off the dealer, or refund your payments to date. for me, this involved them taking up an issue of faulty seats and getting the dealer into court for me.
think its a bit overrated to say hes silly for having HP, as for me a bank loan would have worked out loads more expensive, and doesnt really give you anything.
the other benefit i experienced, is that if theres a serious fault you give the car back to your HP company citing its not as described and they get you a new one off the dealer, or refund your payments to date. for me, this involved them taking up an issue of faulty seats and getting the dealer into court for me.
think its a bit overrated to say hes silly for having HP, as for me a bank loan would have worked out loads more expensive, and doesnt really give you anything.
