Taxi Driver Online

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.

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IDFIMH

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

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Note to self: Just because it pops into my head does NOT mean it should come out of my mouth!!

Buy one over four years and fire it back in after two?

CC

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Think of how stupid the average person is, and realize half of them are stupider than that.
George Carlin

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

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Note to self: Just because it pops into my head does NOT mean it should come out of my mouth!!

dunno, there's plenty that do.

CC

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Think of how stupid the average person is, and realize half of them are stupider than that.
George Carlin

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.

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Grandad,

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.

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Grandad,

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

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IDFIMH

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.

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Grandad,

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.

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IDFIMH

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

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

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Grandad,

done it twice - but paid it off with the proceeds