Settlement at future date

[Dolby]

Is there a way to work out settlement at a future date at all - with the residual?

 

[rodga]

Is there a way to work out settlement at a future date at all - with the residual?

wont the finance house be able to give you this info?
I know with wesbank I can request it online but then I dont have a residual...

 

[Dolby]

Even future date?

Never tried - I guess I could try that.

Want to see if I trade in 2 years, what'll I owe. I'm starting to plan my life on spredsheets ...

 

[rodga]

Even future date?

Never tried - I guess I could try that.

why not?

 

[rodga]

just checked
when you click on the settlement link you have to select a date

 

[Dolby]

Oh I just phoned and they said they couldn't - grrr - Wesbank online services?

Let me try there

 

[rodga]

yep correct
but not sure about residuals though

 

[Dolby]

Bleh.

Please specify a valid effective date, the date cannot be more than 3 months in the future.

And then this for amortization table, which will help

The website encountered an error. Please try again, and if the problem persists, contact us for assistance.

But at least I know it can be done

 

[rodga]

lol

 

[Dolby]

Ok I think I have it

So end December 2016, I'll owe just under R280,000.00 and the car will have 117,000km and be almost 7 years old. I can't guess what they'll give me as trade - but I'd hope around R200,000

 

[rodga]

Ok I think I have it

So end December 2016, I'll owe just under R280,000.00 and the car will have 117,000km and be almost 7 years old. I can't guess what they'll give me as trade - but I'd hope around R200,000

the S4?

 

[Dolby]

I hope, yea ..

Error in a calculation ?

 

[Fazda]

Ok I think I have it

So end December 2016, I'll owe just under R280,000.00 and the car will have 117,000km and be almost 7 years old. I can't guess what they'll give me as trade - but I'd hope around R200,000

Not a nice situation!!

 

[supersunbird]

Ok I think I have it

So end December 2016, I'll owe just under R280,000.00 and the car will have 117,000km and be almost 7 years old. I can't guess what they'll give me as trade - but I'd hope around R200,000

Erm, good luck!

 

[Dolby]

I know what I'm doing ...

That's why I wanted to see everything on paper to plan ahead

 

[rodga]

ok, what I dont get is you bought a car for 240k and after more than 2 years of paying it you will still owe 280k??
why is it still so high?

 

[supersunbird]

ok, what I dont get is you bought a car for 240k and after more than 2 years of paying it you will still owe 280k??
why is it still so high?

That seems strange yes, ones settlement value cant be higher than the purchase value unless in the 1st or 2nd or 3rd months where the interest for those month might make it higher.

 

[Dolby]

The Volvo was only 18 months old and due the low value, there was a carry over of 100k+

In essence I'm financing the car at what I should have paid initially

 

[rodga]

ouch

 

[Sinbad]

Eina.
I don't think you will see 200k trade in for a 7 year old car :-/