Car Finance

[St170]

I bought a car last year, it was financed by Black Horse - i got the term over 4 years but the car is costing me a fortune to run - im paying �50 a week on fuel alone, probably a bad choice of car for me owing to the mileage i do to/from work but i expected better - ive a feeling there is something wrong with the car that is making it drink so much petrol but i cannot afford for it to be fixed. Would Black Horse be worth contacting to hand this car back? or am i stuck with it?

[Hermia]

What car is it? What is the engine size? How many miles do you do a week?

[spaced]

You will have to Early Terminate, which roughly works out 50% of the total monthly rentals. There is usually a �50 admin charge on top too.

It all depends on the type of contract (HP, Lease Purchase, Contract Hire) which ????

Go with LEX, they lead in vehicle leasing.

[meglet]

I've just bought an ST170 and have been surprised at how thirsty it is!

I've had cars on finance from Black Horse for years. Give them a ring 0870 242 7878 with your agreement number and there's an automated service to get a settlement figure. BUT you may end up having to pay more to settle the finance than the car is worth. You can then either pay the extra and accept the loss or wait until you have paid over half the total amount of finance. For example say you financed the car for �10,000 and the total cost of the finance was �13,000, once you have paid �6,500 you can just hand the keys back with no further liability. You will probably be better off waiting.

[donn1901]

I boughta BMW compact from black horse �4000 deposit and rest on finance. It was fine for few weeks then little problems. Didn't mind as i rang them and they fixed it. Then i had big problems and not even bmw could fix it. They could only temp fix it for few weeks ata time. Then to top it all off the paint was bubbling off the car on rear 1/4 panel. Took it to BMW as the bodywork was still under warranty and was horrified to find out it'd been in accident and been dodgily repaired. Black horse denied everything so it went back to a bmw dealer and was p/ex on an audi a3. Black Horse won't want to know as i turned to them for help to no prevail

[St170]

I spoke to Black Horse, they said go to a dealer, agree a trade-in price, and we'll re-finance the difference for you. Great i thought, i went to the dealer - everything was sorted unti lthe day before collection when the dealer said that Black Horse would only finance an amount that was �500 short of the balance, Black Horse refused to help, so i refinanced with Northridge with a lower APR and lower repayments. Iwritten to Black Horse with my complaint, and you guessed it - i didnt get a reply.