Quote:
Originally Posted by Goneinsixtyseconds
I agree with half of that, but VTing really isn't the same.
You aren't writing off all that debt. I had £21k of debt, and gave back a car worth £20k. At best I'm writing off £1k. But even then I'm not, because the £20k is trade value, retail is more like £23-24k. So all I've done is reduce the dealers margin on it.
|
I was referring to buying a used car, and then part ex’ing said used car. It does happen, and frequently. (This is HP not PCP as I think your alluding too?)
I hate to tell you, but us mortals buy used stuff as a ‘new’ car, not a brand new car.
