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Hello,
I am back & forth with the finance company regarding the charge for excess mileage. I VT the car after 3 years within a 4 year PCP contract. Please see below which is in my agreement.
TERMINATION: YOUR RIGHTS
“You have a right to end this agreement. To do so, you should write to the person you make your payments to. They will then be entitled to the return of the goods and to half the total amount payable under this agreement, that is £9,875.82. If you have already paid at least this amount plus any overdue instalments and have taken reasonable care of the goods, you will not have to pay anymore”.
The finance company have now responded with:
Thank you for your email.
I appreciate the Agreement does have the statement you have quoted however the terms and conditions do confirm the excess mileage charge. I have attached the copy of Agreement and terms and conditions that confirm this so therefore this charge will still apply as its a legally binding contract.
If you have any further queries, please do not hesitate to contact us.
I have looked at the T&C's & this is what it states:
Termination or Early Payment by You 11.1___You may terminate the HP agreement in the way set out in the notice headed “Termination: Your Rights”. If you do you must: (a)____return the Goods (together with all keys, master keys, V5 registration form, immobiliser and other codes relating to the Goods and anything else reasonably necessary to allow us to get full value for the Goods) to us or to such dealer, auction house or other person we reasonably specify, at your expense and on the date of termination or such other date we specify, unless you arrange with us for us to collect the Goods from you. If we arrange to collect the Goods from you, either because we have agreed with you to do so or because you failed to return the Goods to us, then you must pay us the reasonable costs and expenses we incur in doing this when we ask, at the rates charged to us by our suppliers. (b)____allow us to inspect the Goods to see if you have taken reasonable care of the Goods in accordance with the terms and conditions of the HP agreement; and (c)____pay to us the amount due, if any, calculated in accordance with the terms of the HP agreement, anything due under paragraph (a) above, any HP payments which were due to us at the date of termination which you have not paid, the costs of all repairs required to put the Goods into reasonable condition (including the cost of repairing or replacing all keys, master keys, immobiliser and other codes relating to the Goods and anything else reasonably necessary to allow us to get full value for the Goods) and any sums due to us for breach of the HP agreement by you before the date of termination. Those payments must be made to us when you return or when we collect the Goods or, if the amount of those payments is not known at that date, when we ask for them.
Any help or clarification would be much appreciated.
Thank you
I am back & forth with the finance company regarding the charge for excess mileage. I VT the car after 3 years within a 4 year PCP contract. Please see below which is in my agreement.
TERMINATION: YOUR RIGHTS
“You have a right to end this agreement. To do so, you should write to the person you make your payments to. They will then be entitled to the return of the goods and to half the total amount payable under this agreement, that is £9,875.82. If you have already paid at least this amount plus any overdue instalments and have taken reasonable care of the goods, you will not have to pay anymore”.
The finance company have now responded with:
Thank you for your email.
I appreciate the Agreement does have the statement you have quoted however the terms and conditions do confirm the excess mileage charge. I have attached the copy of Agreement and terms and conditions that confirm this so therefore this charge will still apply as its a legally binding contract.
If you have any further queries, please do not hesitate to contact us.
I have looked at the T&C's & this is what it states:
Termination or Early Payment by You 11.1___You may terminate the HP agreement in the way set out in the notice headed “Termination: Your Rights”. If you do you must: (a)____return the Goods (together with all keys, master keys, V5 registration form, immobiliser and other codes relating to the Goods and anything else reasonably necessary to allow us to get full value for the Goods) to us or to such dealer, auction house or other person we reasonably specify, at your expense and on the date of termination or such other date we specify, unless you arrange with us for us to collect the Goods from you. If we arrange to collect the Goods from you, either because we have agreed with you to do so or because you failed to return the Goods to us, then you must pay us the reasonable costs and expenses we incur in doing this when we ask, at the rates charged to us by our suppliers. (b)____allow us to inspect the Goods to see if you have taken reasonable care of the Goods in accordance with the terms and conditions of the HP agreement; and (c)____pay to us the amount due, if any, calculated in accordance with the terms of the HP agreement, anything due under paragraph (a) above, any HP payments which were due to us at the date of termination which you have not paid, the costs of all repairs required to put the Goods into reasonable condition (including the cost of repairing or replacing all keys, master keys, immobiliser and other codes relating to the Goods and anything else reasonably necessary to allow us to get full value for the Goods) and any sums due to us for breach of the HP agreement by you before the date of termination. Those payments must be made to us when you return or when we collect the Goods or, if the amount of those payments is not known at that date, when we ask for them.
Any help or clarification would be much appreciated.
Thank you
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