Been shafted at work, any advice?
28-11-2005, 01:56 PM
#1
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Been shafted at work, any advice?
Basically I lease my car from them at a fixed cost per month over a 2 year period, I ordered the car in june this year and it was delivered on the 29th september, 2 weeks after it was delivered work told me they would be taking me off shifts, which basically means no shift premium(24%) and no overtime 
Phoned them today to see if the car could be returned due to financial situation and the earliest a car can be returned is 9 months after delivery or you can return it straight away but pay 9 month's lease as a penalty!!
So I'm stuck, cant afford to keep it and cant afford to send it back, what the fuck am i supposed to do???
Any advice welcome.
Phoned them today to see if the car could be returned due to financial situation and the earliest a car can be returned is 9 months after delivery or you can return it straight away but pay 9 month's lease as a penalty!!
So I'm stuck, cant afford to keep it and cant afford to send it back, what the fuck am i supposed to do???
Any advice welcome.
28-11-2005, 02:06 PM
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Originally Posted by Graceland
You could let Jim drive it for a week - its sure to either burst into flames, the engine management die or crash into a lorry 
....made me laugh though
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28-11-2005, 02:08 PM
#8
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Jimbo knows i'm only pulling his leg (especially since we settled our differences and said hello to each other at ND this year ) - altho from what i've heard on the grapevine, he wishes it was something else i was pulling 
) - altho from what i've heard on the grapevine, he wishes it was something else i was pulling
28-11-2005, 02:15 PM
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Originally Posted by Matt J
I've got protected no claims and its fully comp, would i lose this if it "fell into a fire" ? 
28-11-2005, 02:15 PM
#11
Team HOTHOT!
If your no claims bonus is protected, then you will keep your no claims, but beware that a small loading may be put on your insurence next year due to making a claim.
Best not let on asto the disposal of your vehicle on here - insurence companies (ie - greenlight) read these boards
Best not let on asto the disposal of your vehicle on here - insurence companies (ie - greenlight) read these boards
28-11-2005, 02:19 PM
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The reason there is a minimum term is because you would have signed a Finance Agreement (allbeit it is probably a Garaunteed Buy-Back Finance Agreement).
Personally I think you are very lucky to be offered a no penalty get-out after 9 months of such a long term lease, our Company employee one is full term or full payment - no exceptions.
From a consumer point of view, we do contract / lease hire at my Company, and the number of queries we have in asking for an early settlement figure, then the vehicle mysteriously disappears or is written off is shocking. Sure it looks well suspicious but thats for the insurance Company to question, not us.
Im guessing its your own insurance policy? If so, before you do anything you might regret, check out your excess, and also check if you policy will cover the full value of the vehicle owed to the lease company. 9 times out of 10 there will be a shortfall between what the finance / lease company want and what your insurance are prepared to pay. Also, do you really want such a high value claim against you for the next 5 years, it will make a huge difference to your premiums.
What im trying to say is that for the sake of maybe 6 months of you being a bit skint and having a nice car to drive round in, it might be better than trying to pull a fast one and you being left with a possible insurance short fall, excess, inflated insurance premiums and the risk of being done for fraud?
Personally I think you are very lucky to be offered a no penalty get-out after 9 months of such a long term lease, our Company employee one is full term or full payment - no exceptions.
From a consumer point of view, we do contract / lease hire at my Company, and the number of queries we have in asking for an early settlement figure, then the vehicle mysteriously disappears or is written off is shocking. Sure it looks well suspicious but thats for the insurance Company to question, not us.
Im guessing its your own insurance policy? If so, before you do anything you might regret, check out your excess, and also check if you policy will cover the full value of the vehicle owed to the lease company. 9 times out of 10 there will be a shortfall between what the finance / lease company want and what your insurance are prepared to pay. Also, do you really want such a high value claim against you for the next 5 years, it will make a huge difference to your premiums.
What im trying to say is that for the sake of maybe 6 months of you being a bit skint and having a nice car to drive round in, it might be better than trying to pull a fast one and you being left with a possible insurance short fall, excess, inflated insurance premiums and the risk of being done for fraud?
28-11-2005, 02:21 PM
#17
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welcome to LIFE
i think you'll find that legally speaking you dont have a leg to stand on, as you entered into the finance agreement knowing the risks. the fact that it's immoral doesnt make it illegal
i think you'll find that legally speaking you dont have a leg to stand on, as you entered into the finance agreement knowing the risks. the fact that it's immoral doesnt make it illegal
28-11-2005, 02:24 PM
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Originally Posted by gearboxman
Originally Posted by Matt J
I've got protected no claims and its fully comp, would i lose this if it "fell into a fire" ?
You think you have problems now but they are nothing compared to fraud , no job, cant get re empolyed, doing a stretch
& still having to pay for the car
dont know your personal finance situation but from what you have said its going to be tight without the overtime & shift allowance.
Maybe use the time to get a part time job just for the 9 months??
28-11-2005, 02:27 PM
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Originally Posted by dangerous - reyland
Maybe use the time to get a part time job just for the 9 months??
What is the Companies view on sub-leases?
28-11-2005, 02:32 PM
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Good bits of advice there, Cheers Clare, advice coming from somebody in the leasing business lets me know where i stand.
Car is a 55 plate Corrolla T sport, should be around 15k new i think, its costing me Ł190 a month rent and Ł70 month insurance.
I agree that i signed up knowing the pitfalls, however at the time i ordered it there was nothing being mentioned anywhere at work about people being taken off shifts, then 2 weeks after i get the damn thing its "right your off shift"
What with the car AND a decent sized mortgage AND a loan its gonna be tight, looks llike I'll have to grin and bare it for the next 6-7 month's, Oh and there is a penalty for handing it back early after 9 month's, its an extra month's rent IIRC.
Car is a 55 plate Corrolla T sport, should be around 15k new i think, its costing me Ł190 a month rent and Ł70 month insurance.
I agree that i signed up knowing the pitfalls, however at the time i ordered it there was nothing being mentioned anywhere at work about people being taken off shifts, then 2 weeks after i get the damn thing its "right your off shift"
What with the car AND a decent sized mortgage AND a loan its gonna be tight, looks llike I'll have to grin and bare it for the next 6-7 month's, Oh and there is a penalty for handing it back early after 9 month's, its an extra month's rent IIRC.
28-11-2005, 02:38 PM
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Matt - I take it you work in the toyota plant then? I have heared that toyota are going through a troubled tume in the UK at the moment, how bad are things really?
Dont do anything stupid with the car that you may reget!
Dont do anything stupid with the car that you may reget!
28-11-2005, 02:46 PM
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Dont know where you heard that mate to be honest, Last year was the first time the UK plant made a profit since its been here, massive investment by TMC (main Japanese Toyota) and sales increase every year, to the point where they've past the target for european sales for the last 10 years on the trot!
Not that I'm bothered cause its a shit place to work and their a shit employer and can gaurentee i wont be there this time next year
Not that I'm bothered cause its a shit place to work and their a shit employer and can gaurentee i wont be there this time next year
28-11-2005, 02:47 PM
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Matt, I genuinely think your best option is to work out a way to grin and bare it for the next few months, and even pay the 1 month penalty fee.
There is far too much risk and potential money to be lost for you in the long run, all for the sake of a poxy Corrolla There will alomost certainly be an Insurance short fall on top of the other costs I mentioned, and another thing I didnt say is that it can sometimes take the Insurance Company several months to agree a final figure, and during this time you will be expected to keep paying your rentals or they will take you to court.
There is far too much risk and potential money to be lost for you in the long run, all for the sake of a poxy Corrolla
There will alomost certainly be an Insurance short fall on top of the other costs I mentioned, and another thing I didnt say is that it can sometimes take the Insurance Company several months to agree a final figure, and during this time you will be expected to keep paying your rentals or they will take you to court.
28-11-2005, 02:54 PM
#25
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Ahh well, The only plus thing was when i was on the phone i asked the women what would happen if i left my job and she said you just hand it back with 1 month's penalty 
New job time me thinks 
Here's a tip, anyone thinking of working for a japanese firm, dont do it, I'm not bitter cause of this issue, its like a fucking prison camp, sorry rant off
New job time me thinks Here's a tip, anyone thinking of working for a japanese firm, dont do it, I'm not bitter cause of this issue, its like a fucking prison camp, sorry rant off
28-11-2005, 02:58 PM
#26
Originally Posted by Graceland
Jimbo knows i'm only pulling his leg (especially since we settled our differences and said hello to each other at ND this year ) - altho from what i've heard on the grapevine, he wishes it was something else i was pulling
) - altho from what i've heard on the grapevine, he wishes it was something else i was pulling 
as for the car, if you do prnag it, will you still have to pay off the HP stuff on it or will the insurance comapny do it for you?
28-11-2005, 03:00 PM
#27
Professional Waffler
Surgical spirit down the back of the dash. It's sposed to burn and leave no residue or deposits to trace it. Only down side is torching the car or having it go missing and discussing it on a BB could lead to a large stretch (of your ring) in prison.
28-11-2005, 03:32 PM
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Originally Posted by Clare
The reason there is a minimum term is because you would have signed a Finance Agreement (allbeit it is probably a Garaunteed Buy-Back Finance Agreement).
Personally I think you are very lucky to be offered a no penalty get-out after 9 months of such a long term lease, our Company employee one is full term or full payment - no exceptions.
From a consumer point of view, we do contract / lease hire at my Company, and the number of queries we have in asking for an early settlement figure, then the vehicle mysteriously disappears or is written off is shocking. Sure it looks well suspicious but thats for the insurance Company to question, not us.
Im guessing its your own insurance policy? If so, before you do anything you might regret, check out your excess, and also check if you policy will cover the full value of the vehicle owed to the lease company. 9 times out of 10 there will be a shortfall between what the finance / lease company want and what your insurance are prepared to pay. Also, do you really want such a high value claim against you for the next 5 years, it will make a huge difference to your premiums.
What im trying to say is that for the sake of maybe 6 months of you being a bit skint and having a nice car to drive round in, it might be better than trying to pull a fast one and you being left with a possible insurance short fall, excess, inflated insurance premiums and the risk of being done for fraud?
Personally I think you are very lucky to be offered a no penalty get-out after 9 months of such a long term lease, our Company employee one is full term or full payment - no exceptions.
From a consumer point of view, we do contract / lease hire at my Company, and the number of queries we have in asking for an early settlement figure, then the vehicle mysteriously disappears or is written off is shocking. Sure it looks well suspicious but thats for the insurance Company to question, not us.
Im guessing its your own insurance policy? If so, before you do anything you might regret, check out your excess, and also check if you policy will cover the full value of the vehicle owed to the lease company. 9 times out of 10 there will be a shortfall between what the finance / lease company want and what your insurance are prepared to pay. Also, do you really want such a high value claim against you for the next 5 years, it will make a huge difference to your premiums.
What im trying to say is that for the sake of maybe 6 months of you being a bit skint and having a nice car to drive round in, it might be better than trying to pull a fast one and you being left with a possible insurance short fall, excess, inflated insurance premiums and the risk of being done for fraud?
28-11-2005, 03:34 PM
#29
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Went for an interview with Toyata a while ago but never followed it up after.....they keep advertising on total jobs..
Why is it such a shite place to work then?
By the way, I knew someone who knew someone who knew someone who torched his motor.....spent ages looking over his shoulder and crapping himself about every letter and phone call. Not worth it.
ant
Why is it such a shite place to work then?
By the way, I knew someone who knew someone who knew someone who torched his motor.....spent ages looking over his shoulder and crapping himself about every letter and phone call. Not worth it.
ant
28-11-2005, 03:54 PM
#30
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Originally Posted by Anthony B
Why is it such a shite place to work then?
I wont go into it mate because I'll just go off on one, but seriously, unless your really desperate for a job or have no other choice then I'd steer well clear.
28-11-2005, 03:58 PM
#31
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i used to work in that shit hole. best thing i ever did was leave, fucking stupid japanese brainwashing cunts gives me shivers down my spine to think of it
dont suppose you were that lad with the nice series 2 red rs turbo were ya ?
dont suppose you were that lad with the nice series 2 red rs turbo were ya ?
28-11-2005, 04:05 PM
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Originally Posted by Matt J
Originally Posted by Anthony B
Why is it such a shite place to work then?
I wont go into it mate because I'll just go off on one, but seriously, unless your really desperate for a job or have no other choice then I'd steer well clear.
almost ruined my life working at that place
28-11-2005, 04:09 PM
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i was on blue shift in the avensis plant in ild, used to see a red s2 with big front brakes , i had a 106 quicksilver as a runabout
get out mate its the best thing you could ever do , i had to narrow down all my outgoings and save like hell but i did it and 6 months later i work for tvr and drive an escos
get out mate its the best thing you could ever do , i had to narrow down all my outgoings and save like hell but i did it and 6 months later i work for tvr and drive an escos
28-11-2005, 04:20 PM
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Originally Posted by Rich_w
I thought you'd left DCUK?
I work for Mercedes Benz, but am leaving shortly.
Matt, be very careful about slating your Company on the internet, depending on how much you value your job or a good reference, big Companies have eyes and ears everywhere, I know people who have been dismissed for slagging off their Company on a forum.
Ps: I love the Company I work for
28-11-2005, 04:27 PM
#38
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Originally Posted by steanosport
nah just slag em off the devil is japenese and he invented that factory 
And I dont value my job one bit clare TBH, infact they'd be doing me a favour if they sacked me
I hope your reading this you slanty eye'd fuckers
28-11-2005, 04:31 PM
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Rich - Thank fook I dont work with their cars eh Although that particular car was at the other MK offices a couple of weeks ago. I just couldn't find the time to go see it.......... shame lol
Matt, I take it you enjoy your work there then?! pmsl
Although that particular car was at the other MK offices a couple of weeks ago. I just couldn't find the time to go see it.......... shame lolMatt, I take it you enjoy your work there then?! pmsl