Template letter for voluntary termination of a PCP

[BevEllieCarmen]

Hi,

I am in the process of voluntary terminating my PCP with BMW. They are sending me a form to complete but after reading many other VT stories I don't want to sign their forms and want to draft my own letter. Any advice as to what to write please?
Many Thanks

[EXC]

Re: Template letter for voluntary termination of a PCP

I'll ask [MENTION=71570]R0b[/MENTION] for you.

[BevEllieCarmen]

Re: Template letter for voluntary termination of a PCP

Thank you!

[R0b]

Re: Template letter for voluntary termination of a PCP

Hello, a template below, adjust to suit your position.



Dear Sir / Madam,

TERMINATION OF AGREEMENT PURSUANT TO S.99
OF THE CONSUMER CREDIT ACT 1974

Agreement number:
Registration:

I am writing to notify you that I wish to invoke my statutory right under section 99 of the Consumer Credit Act 1974 and hereby give you notice that the agreement is terminated effective immediately from the date of this letter. Please confirm by return acknowledgement of this letter and to make arrangements for collection of the vehicle.

The condition of the car is noted as being in a reasonable condition for its age and photographic evidence has been taken in the event of any future dispute as to the condition of the vehicle.

You will be aware that the Consumer Credit Act limits my liability to half of the total amount payable under the agreement but excludes any sum payable as a penalty, compensation or damages for a breach of the terms of the agreement. Such terms imposed are inconsistent with my rights under the Act and are therefore deemed void and unenforceable.

The vehicle is now available for collection and I would be grateful if you could contact me on [NUMBER] to arrange a suitable time within the next 14 days.

Yours faithfully,

[NAME]

[TC72]

You can send them an email as this is acceptable