classcchap
Active Member
- Joined
- Oct 18, 2016
- Messages
- 60
- Car
- W205 C200 Sport Estate
Using HP necessarily involves a serious risk since, if you default, they can just take the car away. The degree of risk depends on the size of deposit - consider a deposit of £49,000, say, on a £50,000, if you default first payment you could be down close to £100,000!
O.k. so 98% is a bit extreme - but how big is too big - 25%, 50%?
O.k. so 98% is a bit extreme - but how big is too big - 25%, 50%?