voluntary termination

[Autosec]

You can VT at any time and a payment holiday would not affect this. As far as I am aware, payment holiday would not have affected her credit file according to the FCA (click here).

Your right to use the car exists so long as the contract exists. No contract, no right.

The rest of your questions are answered in my VT Guide on the link below.

https://legalbeagles.info/forums/for...on-your-rights

R0b if I have purchased a new car and removed the plate from car which is to be VT do I just say that the car is new reg formerly the private plate Reg No. or do I inform them of plate change before VT i.e tell them plate has changed and then do VT same day she has sourced a new car on finance which she will pick up Monday so was going to do VT then and take car off road on private drive*

[Autosec]

R0b Just had a thought I would need to have new logbook in order to terminate the agreement in order to hand over the car. Is this correct?

[Autosec]

Autosec hi there I have just done a vt with the same company. I was just over my 50% mark when I did the vt in march of this year. I emailed and sent a letter recorder delivery. your frozen payment wont affect the vt as you have already reached over the 50% mark. my car got picked up last Tuesday as advised on here I refused to sign. never sign anything! you have paid over the 50% so whatever they sell the car for they cant come back to you for the difference this is the whole point of the vt. you should not be charged for picking the car up it is within youre rights as part of the process, this is why you don't sign when they collect. if you tag rob with any questions he will get back to you. because you haven't tagged him that's the reason why he hasn't read it. this forum has helped me greatly I was a nervous wreck and robs advice has been great!

Hi what email address did you use?

[R0b]

As I have already said in an earlier post, you can terminate the HP at any time - that doesn't mean you can terminate subject to XYZ. It literally means what it says, any time.

When you decide to terminate the agreement is entirely up to you. I think a little bit of common sense is needed so if you terminate before the private plate is removed then why don't you just tell the finance company you are terminating, it has a private plate and you are in the process of replacing it with the original registration plate. Otherwise, do it before you terminate and continue to pay the monthly instalments until the process has been completed.

If you are really struggling, pick up the phone to the finance company and see what they have to say.

[Autosec]

Thank you R0b

[TINY TOTS]

Hi what email address did you use?

customer.enquiries@closebrothers.com

[Autosec]

customer.enquiries@closebrothers.com

Just forwarded to them I sent to salesmf@closebrothers.com so both departments should now have it

[Autosec]

I have received an email this morning asking ne to fill in section 4 of V5 yellow section. I have no problem with that except it is asking me to use the date of collection as the sale date. is this normal or should I put in the date I sent the voluntary termination letter.

[TINY TOTS]

hi Autosec I put the date they collected but technically it was the date you terminated.

[Autosec]

hi Autosec I put the date they collected but technically it was the date you terminated.

That's fine I will do it online when they collect. Everything going smoothly at the moment just worried about scratches on a 12 year old car maybe I am being too pessimistic

[Htfc1]

I found this link today which may be of help

https://issuu.com/bfwsn67/docs/bvrla...01091/30897824

[Autosec]

I found this link today which may be of help

https://issuu.com/bfwsn67/docs/bvrla...01091/30897824

Thanks I have seen that but it seems to be the age of the car isn't taken in to consideration and I was wondering more what to expect with a 12 year old car.

[Htfc1]

Thanks I have seen that but it seems to be the age of the car isn't taken in to consideration and I was wondering more what to expect with a 12 year old car.

I think Rob calls this very fact out in his VT document, basically, as Rob states
"The BVRLA standard does not take into account the age of the vehicle. Therefore, the same strict methodology applies to a vehicle that is 12 months old as well as a vehicle that is as old as 5 years or more. It is reasonable to think that the older the vehicle becomes, the more likely a car will sustain some form of minor damage "
so there is no concession for age of vehicle the tests are not subjective

[Autosec]

So vehicle has now been picked he went through it with a fine tooth comb as though it was a brand new Ferrari. I now await the damage report he asked me to sign I said no told him all damage was there when we bought a 10 year old car.
fingers crossed

[Autosec]

R0b does anybody know if I can find out how much car went for at auction. Car was picked up Wenesday in the auction today but I cant see a way of joining online unless a trader. Its at MAG in Rotherham*