My partner got a vehicle through finance, it was a Hire purchase loan or c
she has had the vehicle for 1.5 years and the finance was for 3 years.
she has around £2000 left on the loan - now over the 50% marker
recently the engine exploded and police and fire brigade had to be called out due to oil being everywhere in the road.
i was reading the the contract and states that under the consumer credit act 99, she can return the vehicle half way through your contract providing you took reasonable care of the vehicle. The car was well maintained and MOT showed no advisory's. apparently this is some what a engine fault by Toyota Possibly but are currently awaiting to hear back from them.
finance are refusing the vehicle back stating we would have to pay all costs for engine.
currently
1. finance company refusing to take car back under consumer credit act section 99 wondering if the company is saying "complaint" rather then dealing with it as per consumer credit act to try and dodge the question.
the finance company keep beating around the bush advising she owns the veh but when challenged stating they own vehicle until last payment they back down and then say its general wear and tear. my partner has only done 7850 miles when she got the car and the clock is at around 52000 so the car is hardly old
2. Once they officially reject and send a formal reply apparently then ombusman can get involved http://www.financial-ombudsman.org.uk/
3. Awaiting to hear from toyota engineer however was advised over the phone by there head office that it was not a car under this list of fault/recall engines.
------
Finance company have advised they have sent a final letter stating the closure to the "complaint" and the reasons why. they advised what was written over the phone but are yet to receive the letter. when we have got this letter we are then allowed to get ombudsman involved
however i was advised to send the S99 leter ASAP
we have now sent a letter stating
1 November 2017
Dear Sir/Madam
Voluntary termination of agreement
Account No: **********************
Car make/model/registration no: Toyota/Aygo/************
I am writing to notify you that I am exercising my right to terminate the above agreement under Section 99 of the Consumer Credit Act 1974.
I understand that I will owe you for the amount calculated under the formula in Section 100 of the Consumer Credit Act 1974.
Please send me details of how the vehicle can be returned to you.
Please confirm receipt of this request by Email to me on *********@yahoo.com.
I look forward to hearing from you.
Yours faithfully
************##
however i have seen a better template on this lovely forum i have now come across that i wish i sent that instead.
please can anyone help with the situation
she has had the vehicle for 1.5 years and the finance was for 3 years.
she has around £2000 left on the loan - now over the 50% marker
recently the engine exploded and police and fire brigade had to be called out due to oil being everywhere in the road.
i was reading the the contract and states that under the consumer credit act 99, she can return the vehicle half way through your contract providing you took reasonable care of the vehicle. The car was well maintained and MOT showed no advisory's. apparently this is some what a engine fault by Toyota Possibly but are currently awaiting to hear back from them.
finance are refusing the vehicle back stating we would have to pay all costs for engine.
currently
1. finance company refusing to take car back under consumer credit act section 99 wondering if the company is saying "complaint" rather then dealing with it as per consumer credit act to try and dodge the question.
the finance company keep beating around the bush advising she owns the veh but when challenged stating they own vehicle until last payment they back down and then say its general wear and tear. my partner has only done 7850 miles when she got the car and the clock is at around 52000 so the car is hardly old
2. Once they officially reject and send a formal reply apparently then ombusman can get involved http://www.financial-ombudsman.org.uk/
3. Awaiting to hear from toyota engineer however was advised over the phone by there head office that it was not a car under this list of fault/recall engines.
------
Finance company have advised they have sent a final letter stating the closure to the "complaint" and the reasons why. they advised what was written over the phone but are yet to receive the letter. when we have got this letter we are then allowed to get ombudsman involved
however i was advised to send the S99 leter ASAP
we have now sent a letter stating
1 November 2017
Dear Sir/Madam
Voluntary termination of agreement
Account No: **********************
Car make/model/registration no: Toyota/Aygo/************
I am writing to notify you that I am exercising my right to terminate the above agreement under Section 99 of the Consumer Credit Act 1974.
I understand that I will owe you for the amount calculated under the formula in Section 100 of the Consumer Credit Act 1974.
Please send me details of how the vehicle can be returned to you.
Please confirm receipt of this request by Email to me on *********@yahoo.com.
I look forward to hearing from you.
Yours faithfully
************##
however i have seen a better template on this lovely forum i have now come across that i wish i sent that instead.
please can anyone help with the situation
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