Evening all,
Ive been a lurker for a while, and finally decided to VT and post about it.
I have constructed a letter to send to RCI finance using Robs very good guide and template letters in the pinned post. (I hope I've tagged correctly!?)
Im hoping to update this and finish it off with the final result. I have read people threads and was intrigued to get to the end only to find its incomplete.*
Anyway, my letter:
End Of Contract Department
Nissan Finance
Rivers Office Park
Denham Way
Maple Cross
Rickmansworth
WD3 9YS
By first class post and email:*vtteam@rcibanque.com
22/01/2020 – agreement number: 2200540xxx – BA66 xxx
To whom it may concern,
Termination of**hire-purchase agreement in accordance with section 99(1) 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.
As shown on the paperwork emailed to me by yourselves on 17/01/2020, I have to date paid £21,265.06 and therefore have exceeded the half total price payable under the agreement.
As a result of the above and again indicated by the paperwork sent to me on 17/01/2020 I therefore believe i have no further installments to pay.
I have received your request for the ‘return slip’ to be completed, signed and returned.*
As you are no doubt aware, there is no provision in Section 99(1) of the Consumer Credit Act 1974 for a return slip to be completed or signed in order to terminate, only that notice must be given in writing.*
I therefore respectfully decline to supply a signed return slip.
I have inspected the vehicle and given its use as a family vehicle and its age, I believe the vehicle to be in more than reasonable condition.*
I have taken photographs of both the interior and exterior to document this should it be necessary to dispute any claim made to the contrary in the future.
I would like to remind you that as a consequence of terminating the agreement under Section 99 of the Consumer Credit Act 1974 and having met the relevant criteria under Section 100(1) of the Consumer Credit Act 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 not recoverable.*
If, however, you prefer the vehicle to be delivered elsewhere, then I am willing to consider this but require an undertaking from you agreeing to pay my reasonable costs and expenses prior to it being delivered to your preferred location.
Finally, In line with the recently updated GDPR guidelines (May 2018) I would like you to update your records to show that I would like to be contacted via email at the above address for all/any future correspondence.*
I would appreciate it if you could confirm receipt of this email so that we can discuss a mutually beneficial time to return the vehicle to you.
*
Yours faithfully
*
xxxxxx xxxxxxxxxxx
I have been worrying about this whole process and really don't want to get it wrong.*
Do i need the paragraph about additional costs, as i am under the mileage?
Any proof reading and advice welcome.
Thanks
Matt
*
Ive been a lurker for a while, and finally decided to VT and post about it.
I have constructed a letter to send to RCI finance using Robs very good guide and template letters in the pinned post. (I hope I've tagged correctly!?)
Im hoping to update this and finish it off with the final result. I have read people threads and was intrigued to get to the end only to find its incomplete.*
Anyway, my letter:
End Of Contract Department
Nissan Finance
Rivers Office Park
Denham Way
Maple Cross
Rickmansworth
WD3 9YS
By first class post and email:*vtteam@rcibanque.com
22/01/2020 – agreement number: 2200540xxx – BA66 xxx
To whom it may concern,
Termination of**hire-purchase agreement in accordance with section 99(1) 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.
As shown on the paperwork emailed to me by yourselves on 17/01/2020, I have to date paid £21,265.06 and therefore have exceeded the half total price payable under the agreement.
As a result of the above and again indicated by the paperwork sent to me on 17/01/2020 I therefore believe i have no further installments to pay.
I have received your request for the ‘return slip’ to be completed, signed and returned.*
As you are no doubt aware, there is no provision in Section 99(1) of the Consumer Credit Act 1974 for a return slip to be completed or signed in order to terminate, only that notice must be given in writing.*
I therefore respectfully decline to supply a signed return slip.
I have inspected the vehicle and given its use as a family vehicle and its age, I believe the vehicle to be in more than reasonable condition.*
I have taken photographs of both the interior and exterior to document this should it be necessary to dispute any claim made to the contrary in the future.
I would like to remind you that as a consequence of terminating the agreement under Section 99 of the Consumer Credit Act 1974 and having met the relevant criteria under Section 100(1) of the Consumer Credit Act 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 not recoverable.*
If, however, you prefer the vehicle to be delivered elsewhere, then I am willing to consider this but require an undertaking from you agreeing to pay my reasonable costs and expenses prior to it being delivered to your preferred location.
Finally, In line with the recently updated GDPR guidelines (May 2018) I would like you to update your records to show that I would like to be contacted via email at the above address for all/any future correspondence.*
I would appreciate it if you could confirm receipt of this email so that we can discuss a mutually beneficial time to return the vehicle to you.
*
Yours faithfully
*
xxxxxx xxxxxxxxxxx
I have been worrying about this whole process and really don't want to get it wrong.*
Do i need the paragraph about additional costs, as i am under the mileage?
Any proof reading and advice welcome.
Thanks
Matt
*
Comment