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MY NAME ADDRESS AND PERSONAL INFORMATION REMOVED
FCA Automotive Service
PO Box 4465
Slough
SL1 0RW
First class recorded post and email to
Service-Centre@fcagroup.com25 April 2019
Agreement Number:
Dear Sir or Madam,
Re: Termination of Personal contract purchase (PCP) pursuant to section 99 of the Consumer Credit Act 1974 (“CCA 1974”)
I am writing to inform you that I am exercising my right to terminate the above agreement with immediate effect in accordance with Section 99 of the CCA 1974. it is my understanding that I have paid 24 monthly payments which amounts to £8988.48 and in order to discharge my liability I have calculated I need to pay a further payment of £2993 to meet the threshold of 50%, please confirm in writing that my calculation is correct or if it is incorrect then please provide a full explanation as to how you have calculated the amount you believe to be owed, including an itemised breakdown of what's been paid to date.
I have also inspected the vehicle and I am of the opinion that it is in a reasonable condition given its age whilst accounting for fair wear and tear. Photographic evidence has been taken in the event of any future dispute as to the state of the vehicle.
Finally, I would remind you that as a consequence of terminating the agreement under Section 99 of the CCA 1974 and having met the relevant criteria under S.100(1) of the CCA 1974, my liability is limited to one half of the total price payable. Any additional costs, expenses, compensation or otherwise relating to a breach of the agreement are irrecoverable. The vehicle is available to collect and arrangements should be made at your own cost. Although I am prepared to deliver the vehicle to a local auction site at my own expense. If, however, you prefer the vehicle to be delivered elsewhere, then I will require an undertaking from you agreeing to pay my reasonable costs and expenses prior to it being delivered to your preferred location.
I would appreciate if you could contact me on within the next 14 days to discuss the next steps.
Yours faithfully,
Any advice would be appreciated
R0b
