VT Appointment

[paddyc]

hi
I don't know if I double posted this question
but if anyone can help, it is very much appreciated
I have received a letter saying that a third party company is going to inspect the car
they have said I have to sign their report giving my agreement to the comments
before proceeding
have I read this right, or am I just having a moment
can somebody help me
regards
paddy

[ostell]

No you don't have to sign it.

[Bane]

Don’t sign anything as mentioned prior.

However there is something about V5 which I’m not sure about. I think you have to send it off/retain a copy

Maybe someone can help ?

Also if your inspection has passed, can you let us know how it went?

[paddyc]

thanks
another question, if anyone can help
when does the VT process start
we sent our letter last week,
but they have taken a direct debit payment today
thanks
paddy

[R0b]

Sounds like you've misunderstood the VT concept.

Voluntary termination is a right that allows you to terminate any time before the final instalment is due.

So the real question you should be asking yourself is, what date did the letter say the agreement would terminate? If that date of termination has passed then you should be entitled to recover the money that was just paid under the direct debit scheme as it was not authorised.

Terminating your finance agreement is like terminating any other contract - you wouldnt let your mobile phone company to take September's payment if you terminated in August would you?

Before going all guns blazing, make sure you've got proof notice was given otherwise it's a he said she said situation.

[paddyc]

thank you for your reply
yes, the date of termination was on the 11th of august, and they took the payment out today,
I didn't want to cancel the direct debit, in case that would be seen as a missed payment on my credit file

just to clarify I shouldn't sign anything at all when they come for the car

[R0b]

If the contract says you agree with the damage report and/or you agree to pay for all damages including excess mileage then I would be wary of signing it. They can't force you to and worst case, they don't collect it but then the agent/finance company is going to have to explain why you were legally required to sign the document when you weren't.

You can't have a missed payment if the contract terminated before the payment was due - up to you as to whether you reclaim that back or not.

[paddyc]

hi
is this a normal legal code of practice by motonova, i dont really understand it
they state in their letter
"You will be asked to sign the report at the point of inspection
giving your agreement to the inspection comments before proceeding"

"on agreement, we would ask for payment of any costs noted at the time"
thanks in advance
paddy

[R0b]

You are not legally required to sign anything, do so at your own peril.

[paddyc]

thanks rob

is this a trick that the finance company uses
offering a 20% discount where i pay for any costs at the inspection
and 10% if i pay withing 48 hours
thanks
pat

[paddyc]

hi
do you think its nest to take up their 20% offer
thanks in advance

[R0b]

All I can say that these are common tactics by finance companies, very much standard just variations of them. People who don't want any hassle or threats of legal action, adverse credit entries etc. will pay up and others will stand their ground regardless.

Whatever basket you want to be put in is a decision entirely for you and you alone.

[paddyc]

hi
just got a phone call saying they will be coming for the car on monday
an anyone advises me on what's going to happen etc
it be very much appreciated, getting a bit nervous now
thank you

[R0b]

If you read my VT guide in the link in my signature, there is a checklist section - you might want to read that.

[paddyc]

hi
can i ask,
when the finance/agents check over for the condition and lets say it needs some repairs, and then sell it at auction
can we ask for copies of the repair bill, and the actual selling price the car went for
cheers