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How To Walk Away From Your Car HP Loan
Or Any Other HP Finance Loan The HIDDEN LOOPHOLE described in this Book is not just restricted to cars - it can be applied to MANY OTHER ITEMS e.g. motorcycles, televisions, caravans, trailers etc… Most
of us borrow money at some time to buy a car or other substantial items
- let’s face it few of us have any real alternative. Nowadays major
lenders compete aggressively with each other to offer low rate and
instant finance making it a very attractive way to fund a major
purchase such as a car. BUT what happens after
you have bought your dream car? What happens when you later discover
that the car is not as reliable or as economical as you had hoped?
Perhaps your circumstances have changed and you need something bigger,
maybe you need a 4x4 or a people carrier?Perhaps
you can no longer afford the repayments but you can’t sell it without
having to cover a big loss because it’s fallen in value so much since
you bought it? Perhaps you drive a very high mileage each year and this
is beginning to take its toll on the car and its value? Maybe you
simply want to trade up to a car you’ve always promised yourself…
……So
off you go to your local car dealer only to find your hopes cruelly
dashed when you discover that your present car is worth much less than
you thought as a part-exchange. No matter how carefully you research
the projected depreciation rate before you buy, when the time comes to
sell or part-exchange you invariably find that
YOUR CAR IS WORTH MUCH LESS THAN YOU THOUGHT!
You financed the deal on “very competitive finance” which was “tailored to your individual needs” by a “major financial partner”.
Unfortunately all that gloss and spin is now in the past. It counts for
nothing when you contact up your lender to check on the outstanding
balance of your loan only to discover that
YOU OWE MORE THAN YOUR CAR IS WORTH!
You have negative equity in your car!
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