Truthseeker

Hope this helps. http://www.sunguard-tinting.co.uk/Law.html

My apologies guys - you learn something every day, and never too proud to admit when wrong. This is the definitive answer from the guys that know - the credit rating agency Experian (I should have checked this first). http://www.experian.co.uk/consumer/questions/askjames229.html Will handing back my car keys ruin my credit rating? Dear James, I was looking to make a voluntary contract cancellation regarding a car I bought from Mercedes Benz. The contract stipulates that the car can be given back once half the payments have been made. Could you please advise if this will affect my credit rating in the future - whether it will be marked on my history? Many thanks. Emily, Bristol Dear Emily, Your credit rating should not be affected. ‘Voluntary termination’ of a hire-purchase agreement is your legal right and if you’ve paid at least half of the total amount due and the car is in satisfactory condition then you should be left owing nothing. The lender may add a voluntary termination flag to the record of the credit agreement on your credit report, to explain to other lenders why the agreement was settled early. But as long as you have paid all of your monthly payments on time up to the point you hand the keys back, your credit history should not be damaged by this. Voluntary termination is actually an archaic form of debt relief and is not particularly popular with lenders, but I’ve seen no evidence to suggest that exercising this consumer right in any way damages credit scores.

Whether HP or PCP, handing a car back which is worth less (trade) than the amount of finance outstanding will indeed give a negative credit score, unless of course you make up the difference. There well may be a clause that states that you can terminate halfway through the agreement, but the terms and conditions will stipulate that the early settlement figure is secured by way of car value (bottom book usually) with the customer making up the difference (if any). Whilst in theory you can just hand back the car and walk away, the finance company will vigorously pursue the debt, first by correspondence, then bailiffs then court order - and you don't really want that to happen. Get a settlement figure from the finance company, a trade value of the car from the dealer and a loan for the shortfall. Edit: Apologies - I am wrong and am man enough to admit so. Just going off of previous experience, and was obviously not up to speed with current consumer law.

Mis-aligned rear number plates, especially on a brand new car......arghhhh!!!

Strange comment! I would just love to be seen in it myself.

Seems I was not up to speed as I had imagined, so apologies if my comment was perceived as ill judged. I am a Suzuki lover, having owned 10 over the years, including a couple of Ignis's. Did not realise that the Ignis Sport had a 1.5 (107hp) engine, as I thought it was just a Ignis with a body-kit. Now I like quirky cars, so now I am better informed, maybe I might look out for one to buy. BTW, in my younger days, had great fun installing a Turbo on a SJ413, a Supercharger on a SJ (Samurai) van, and a Swift GTi lump in another SJ413. Back then (1988/89), I would have been well up to on all things Suzuki, and would not so easily been fooled. Respect!

Does it need to?

This is a proper "Sports" model - http://www.koenigsegg.com/models/one1/

Suzuki Ignis "Sport"?

VAT can only be be reclaimed by VAT registered companies on commercial vehicles/vans/pick-up's and the like, and not cars. There is a yearly tax "write down" on a company car, but that is not to be confused with VAT reclamation.

Like Richard, I am a new car addict, and changing every year (and usually less). Has cost me £thousands over the years as well, but my problem is boredom, and has nothing to do with keeping up with the neighbours. Also, I like to know the history from day one, and not rely on a salesmen's/private seller's word as to how the car has been treated/serviced (and that comes from bitter/costly past experience). However, again like Richard, from a cost point of view, it does make little financial sense to buy new. So (reluctantly/financially), and because I am now retired, I shall be keeping my cars much longer in future. But I still intend to buy new when the time comes to replace, assuming finances permit that is. Regarding the comment by toxcicvrs (post #19). Never "assume" that the neighbour's (6 monthly number change?) new cars are all on finance/PCP. I agree that some 85% (official statistics) of new car sales are on finance of some sort, but that still leaves 15% that are not. Although I have purchased on 0% in the past, I usually pay up front - but no doubt my neighbours assume otherwise. Interesting debate though.

Suggest you phone the DVLA helpline for their advise.

Urban Myth then. Oh well, never mind - I still love the VTEC engine.

Apparently, there has never been an (internal) engine failure of any VTEC engine worldwide. Not sure if that is an urban legend, but would not surprise me in the least if it were true.

Ant is so clever - certainly knows his cars. Also loved the guy last night who restores the speedos etc. Sadly, last of a dying breed as no one (apprentice?) to take over his business.