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taxi leasing
http://www.taxi-driver.co.uk/phpBB2/viewtopic.php?f=1&t=14501		 Page 1 of 2
Author:  bigmike25 [ Thu Jul 15, 2010 6:43 pm ]
Post subject:  taxi leasing
hi,
i've just got my private hire licence and i'm looking to get a new vehicle on lease where I pay every month and then after a couple of years give the vehicle back and get a new one,havn't found any companies that do this,does anyone know of any car dealers that do this ???
Author:  Sussex [ Thu Jul 15, 2010 6:47 pm ]
Post subject:  Re: taxi leasing
bigmike25 wrote:
hi,
i've just got my private hire licence and i'm looking to get a new vehicle on lease where I pay every month and then after a couple of years give the vehicle back and get a new one,havn't found any companies that do this,does anyone know of any car dealers that do this ???

I think some lease, but not many leasing company are going to want to resale a two year old vehicle with 100,000 on the clock?

Look at TDO's links page for vehicles. :wink:
Author:  toots [ Thu Jul 15, 2010 7:54 pm ]
Post subject: 
Peugeot certainly do here, but it is more cost effective to buy a vehicle with the peugeot passport scheme. Both have limited milage on them so I don't see the benefit of leasing as it's more expensive
Author:  captain cab [ Thu Jul 15, 2010 8:22 pm ]
Post subject: 
Buy one over four years and fire it back in after two?

CC
Author:  toots [ Thu Jul 15, 2010 8:26 pm ]
Post subject: 
captain cab wrote:
Buy one over four years and fire it back in after two?

CC


Surely that must damage your credit rating if you kept doing it?
Author:  captain cab [ Thu Jul 15, 2010 8:28 pm ]
Post subject: 
toots wrote:
captain cab wrote:
Buy one over four years and fire it back in after two?

CC


Surely that must damage your credit rating if you kept doing it?


dunno, there's plenty that do.

CC
Author:  grandad [ Thu Jul 15, 2010 9:03 pm ]
Post subject: 
toots wrote:
captain cab wrote:
Buy one over four years and fire it back in after two?

CC


Surely that must damage your credit rating if you kept doing it?


If it is bought on HP you are entitled to return the vehicle without penalty once you have paid 50% of the finance. They can't put anything on your credit file because you have acted within the terms of the contract. Also if when they sell the vehicle at auction, it makes more than what is owed to them, you then get the extra money back. I did this with a Suzuki carry van a few years ago. I got a cheque for £777.00. :mrgreen:
Author:  wannabeeahack [ Thu Jul 15, 2010 9:25 pm ]
Post subject: 
grandad wrote:
toots wrote:
captain cab wrote:
Buy one over four years and fire it back in after two?

CC


Surely that must damage your credit rating if you kept doing it?


If it is bought on HP you are entitled to return the vehicle without penalty once you have paid 50% of the finance. They can't put anything on your credit file because you have acted within the terms of the contract. Also if when they sell the vehicle at auction, it makes more than what is owed to them, you then get the extra money back. I did this with a Suzuki carry van a few years ago. I got a cheque for £777.00. :mrgreen:


your a liar

no carry is worth that NEW
Author:  grandad [ Thu Jul 15, 2010 10:30 pm ]
Post subject: 
wannabeeahack wrote:
grandad wrote:
toots wrote:
captain cab wrote:
Buy one over four years and fire it back in after two?

CC


Surely that must damage your credit rating if you kept doing it?


If it is bought on HP you are entitled to return the vehicle without penalty once you have paid 50% of the finance. They can't put anything on your credit file because you have acted within the terms of the contract. Also if when they sell the vehicle at auction, it makes more than what is owed to them, you then get the extra money back. I did this with a Suzuki carry van a few years ago. I got a cheque for £777.00. :mrgreen:


your a liar

no carry is worth that NEW


It was £4995 brand new. I can't remember if that was plus VAT or including VAT. We made an up front payment of the VAT and this was timed to coincide with our VAT return so that we got the VAT straight back. :mrgreen:
Author:  Sussex [ Fri Jul 16, 2010 7:06 am ]
Post subject: 
grandad wrote:
toots wrote:
captain cab wrote:
Buy one over four years and fire it back in after two?

CC


Surely that must damage your credit rating if you kept doing it?

If it is bought on HP you are entitled to return the vehicle without penalty once you have paid 50% of the finance. They can't put anything on your credit file because you have acted within the terms of the contract. Also if when they sell the vehicle at auction, it makes more than what is owed to them, you then get the extra money back. I did this with a Suzuki carry van a few years ago. I got a cheque for £777.00. :mrgreen:

But then try and get future credit with that same finance house. :?
Author:  grandad [ Fri Jul 16, 2010 7:10 am ]
Post subject: 
Sussex wrote:
grandad wrote:
toots wrote:
captain cab wrote:
Buy one over four years and fire it back in after two?

CC


Surely that must damage your credit rating if you kept doing it?

If it is bought on HP you are entitled to return the vehicle without penalty once you have paid 50% of the finance. They can't put anything on your credit file because you have acted within the terms of the contract. Also if when they sell the vehicle at auction, it makes more than what is owed to them, you then get the extra money back. I did this with a Suzuki carry van a few years ago. I got a cheque for £777.00. :mrgreen:

But then try and get future credit with that same finance house. :?


Why should there be a problem? The finance house recovered the amount outstanding to them and refunded the excess. They actually got their money back early so they would probably be happy to lend again.
Author:  Sussex [ Fri Jul 16, 2010 7:15 am ]
Post subject: 
grandad wrote:
Why should there be a problem? The finance house recovered the amount outstanding to them and refunded the excess. They actually got their money back early so they would probably be happy to lend again.

What happens when they don't, which is more often the case?

However if a profit is made via an auction sale then I think that's bad business as well, as a larger profit should have been made via a private sale.
Author:  wannabeeahack [ Fri Jul 16, 2010 8:16 am ]
Post subject: 
Sussex wrote:
grandad wrote:
Why should there be a problem? The finance house recovered the amount outstanding to them and refunded the excess. They actually got their money back early so they would probably be happy to lend again.

What happens when they don't, which is more often the case?

However if a profit is made via an auction sale then I think that's bad business as well, as a larger profit should have been made via a private sale.


ive handed a vehicle back under the terms of a finance agreement, not all have the clause, it simply stated "when over half the total amount has been paid", i then had offers from the lender of cash loans so i doubt it was detrimental to my credit rating (then)

selling a vehicle is technically illegal, but ive done that twice after getting a settlement figure and paying the debt, but many lenders "flag" vehicles at DVLA and are alerted when a V5 is applied for.

SOME lenders have started using "personal lease" aggrements that the borrower doesnt understand which are virtually signed in blood and they rue the day they signed, no cop out, no pay off, no early settlement
Author:  grandad [ Fri Jul 16, 2010 9:35 am ]
Post subject: 
Sussex wrote:
grandad wrote:
Why should there be a problem? The finance house recovered the amount outstanding to them and refunded the excess. They actually got their money back early so they would probably be happy to lend again.

What happens when they don't, which is more often the case?

However if a profit is made via an auction sale then I think that's bad business as well, as a larger profit should have been made via a private sale.


You can't privatly sell a vehicle on HP. it isn't yours to sell.
Author:  wannabeeahack [ Fri Jul 16, 2010 9:38 am ]
Post subject: 
grandad wrote:
Sussex wrote:
grandad wrote:
Why should there be a problem? The finance house recovered the amount outstanding to them and refunded the excess. They actually got their money back early so they would probably be happy to lend again.

What happens when they don't, which is more often the case?

However if a profit is made via an auction sale then I think that's bad business as well, as a larger profit should have been made via a private sale.


You can't privatly sell a vehicle on HP. it isn't yours to sell.


done it twice - but paid it off with the proceeds
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