Finance/arblease

[hamdogg]

Hi all, just over a year ago I purchased a chipper through arblease, I've got another 2 years to pay, as its my first time using arblease or even using finance I'm still a bit clueless about it all! I'm now wanting to pay it off or even a large sum off it! But not sure if you can etc? So anyone else financing through them that can tell me?

[Peter]

Ring them up and get a settlement figure. There may be penalties for paying off early, pays to read the small print.

[hamdogg]

  Peter said:

Ring them up and get a settlement figure. There may be penalties for paying off early, pays to read the small print.

 

 

That's my plan tommorow, just wondered if anyone had done something similar through arblease!

[Joe Newton]

ALWAYS get early repayments FOC!

[hamdogg]

  Joe Newton said:

ALWAYS get early repayments FOC!

 

 

Who does?

[Joe Newton]

  hamdogg said:

Who does?

 

 

I do. I won't borrow money if they're gonna charge me for paying it ack early. I'll still pay back the full amount plus their interest,but early repayment charges are bullshit!

[Johny Walker]

  Joe Newton said:

I do. I won't borrow money if they're gonna charge me for paying it ack early. I'll still pay back the full amount plus their interest,but early repayment charges are bullshit!

 

most let you pay off early without peniltys, & you an intrest rebate

[hamdogg]

  Joe Newton said:

I do. I won't borrow money if they're gonna charge me for paying it ack early. I'll still pay back the full amount plus their interest,but early repayment charges are bullshit!

 

 

Yeah well if your gonna pay back the full amount plus the interest they would of made, what's the problem like?

[Richard 1234]

You should be aiming for a rebate on the interest at least otherwise keep the money in the bank or invest in something else to make money with.

No point paying all the interest and not keeping their money for the right amount of time.

[detritus21]

It also depends if it is HP or Lease Hire. Lease hire is slightly more complex to do but arblease would guide you through