GMAC VT warning

wobbles · 11th June 2009, 12:04

I VT'd my car with GMAC yesterday, the car was collected and inspected, I had to pay £166 for some dents and scratches which is fair enough however, when I tried to get a new HP agreement for a used car today I was told I could not have the HP and would have to do it on a personal loan as I have VT'd one HP agreement, The car I wanted HP for is a 6 month old Vauxhall Zafira which has only done 2000 miles and has been owned by Vauxhall head office.

So It looks like VTing does affect your credit rating in some way.

The car I VT'd was a 56 plate Zafira 1.9CDTi (120) Energy that I could not wait to get rid of as I had done 67,000 miles in it and it was out of warranty and had been nothing but trouble since the day I got it brand new.

welsh_gje · 15th June 2009, 01:04

This is worrying as I have just started the process witl GMAC on a 2.5 year old car. I was told by GMAC that it doesn't affect my credit rating.

I have also been told by a garage that it doesn't affect my credit rating.

I am worried about what they will charge me for. The car is immaculate - yes it has the normal wear and tear, but it has gone over the mileage allowance. However under my termination rights in the contract it simply says that as long as I have paid 50% then they will not ask for any more money.

I hope it is a smooth process.

Cheers

wobbles · 15th June 2009, 13:24

i was also told it doesnt affect your credit rating, but then got turned down for HP but was given the personal loan no problem, the finance guy at the vauxhall show room said i coould have been turned down for the HP because I had just VT'd and the new finance companyhad gotten wind of it and did not want me to do that to them.

I had done very high mileage in my car and VT'd 3 months early but made the payments up to the half way payment. i only had to pay extra for a small dent and scratch on bonnet and small scratch on nearside front door.

winslo · 17th June 2009, 22:52

VT on the 1/2 shoudn't affect you at all, its in your statuatory rights?
Just returned mine today....wot a carry on.

11th June 2009, 12:04	#1 (permalink)
wobbles Basic Account Holder Try our new digital signature service Cagger since : Jan 2007 Posts: 333	GMAC VT warning I VT'd my car with GMAC yesterday, the car was collected and inspected, I had to pay £166 for some dents and scratches which is fair enough however, when I tried to get a new HP agreement for a used car today I was told I could not have the HP and would have to do it on a personal loan as I have VT'd one HP agreement, The car I wanted HP for is a 6 month old Vauxhall Zafira which has only done 2000 miles and has been owned by Vauxhall head office. So It looks like VTing does affect your credit rating in some way. The car I VT'd was a 56 plate Zafira 1.9CDTi (120) Energy that I could not wait to get rid of as I had done 67,000 miles in it and it was out of warranty and had been nothing but trouble since the day I got it brand new.

15th June 2009, 01:04	#2 (permalink)
welsh_gje Basic Account Holder Protect your signature with SignGuard Cagger since : Jun 2009 Posts: 1	Re: GMAC VT warning This is worrying as I have just started the process witl GMAC on a 2.5 year old car. I was told by GMAC that it doesn't affect my credit rating. I have also been told by a garage that it doesn't affect my credit rating. I am worried about what they will charge me for. The car is immaculate - yes it has the normal wear and tear, but it has gone over the mileage allowance. However under my termination rights in the contract it simply says that as long as I have paid 50% then they will not ask for any more money. I hope it is a smooth process. Cheers

15th June 2009, 13:24	#3 (permalink)
wobbles Basic Account Holder Give yourself a better chance with our claims guides and litigation kits Cagger since : Jan 2007 Posts: 333	Re: GMAC VT warning i was also told it doesnt affect your credit rating, but then got turned down for HP but was given the personal loan no problem, the finance guy at the vauxhall show room said i coould have been turned down for the HP because I had just VT'd and the new finance companyhad gotten wind of it and did not want me to do that to them. I had done very high mileage in my car and VT'd 3 months early but made the payments up to the half way payment. i only had to pay extra for a small dent and scratch on bonnet and small scratch on nearside front door.

17th June 2009, 22:52	#4 (permalink)
winslo Basic Account Holder Try our eBay sniping service Cagger since : Jul 2007 Posts: 24	Re: GMAC VT warning VT on the 1/2 shoudn't affect you at all, its in your statuatory rights? Just returned mine today....wot a carry on.