Quote:
Originally Posted by isleaiw1
Well I sort of see the car as the same, you bought it so you pay for it. Especially as the alternative is you bought it, had a nice new car, and now want another without paying for the use you have had...
But as I say, I don’t expect others to be rushing to agree.
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335dx's example is a bad one, that is one where the finance company loses out. If a car price and amount owed is that far out of balance at the VT point then the original deal was not very well thought out by the finance company. And as far as I'm concerned that's their own fault. Over inflating the GFV leads to that, and that is NOT the consumers fault.
Many that do it with BMW's don't cause the dealer to lose out if the value is close ish, maybe £1-2k out at trade price, then you haven't taken advantage of anyone and you HAVE paid a fair price for the use of your car.