Another Voluntary Termination Question; Confused.

[Laticsforlife]

You know how you said you VT'd at 48% - Is this actually your legal right?

I thought the whole point of VT is it only kicks in at 50%, and is written into the legal framework that way.

So from a legal standpoint, if you VT at 48%, can't they insist on you either staying and paying (timewise and monetarily) until 50% or pay the 100% amount to get out early?

Just asking.

[caffeinated]

You know how you said you VT'd at 48% - Is this actually your legal right?

I thought the whole point of VT is it only kicks in at 50%, and is written into the legal framework that way.

So from a legal standpoint, if you VT at 48%, can't they insist on you either staying and paying (timewise and monetarily) until 50% or pay the 100% amount to get out early?

Just asking.

I did check this when I went through the contract, and compared with the consumer act; my maximum liability is 50%, and they've now confirmed in writing the amount I need to pay to bring it up to 50%

[Laticsforlife]

Ah OK, that's good then.

In that case cancel the DD and pay the 2%

That'll prick their ears up to collect the car!