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Hey guys,
I'm looking at VT'ing my car shortly from a HP deal. Car is in great condition, no scratches/marks/scrubs, and well within the pro-rata mileage allowance. When I VT it, I'm expecting to be around 2 months behind the 50% mark so accept that I'll need to cover off this balance and more than happy to do so.
Due to the amount of negative equity, I'm assuming I won't get off lightly here.. The car was bought for £32k forecourt price with a total payment of £38k. At the half-way point, I'll owe £19k (including interest) on a car which would webuyanycar for around £11.5k, so they'll be losing out on around £7.5k.
I've gone through the guide, and it seems so have Mobilize/RFI Finance as there are some clauses that directly contradict and seem to have me cornered. Was hoping to get a helping hand on how to approach?
Guidance: "Do I need to sign the condition report? You do not need to sign the condition report but if you do, be aware that the report may have somewhere in its small print that you accept the damage listed and agree to pay the amount."
Contract: "Either you, or someone else you have authorised in writing to represent you, must sign a vehicle inspection report. If you do not agree with the inspection report, you must state the reasons in the vehicle inspection report. However,if you do not state your reasons and/or sign a vehicle inspection report, you will be taken to accept the content of the inspection report. Our agent may require your representative to produce your written authority for that person to represent you."
Issue: Looks like I'm damned if I do, damned if I don't. I assume here I have to abide by the contract, sign the form, and state reasons if they pick up any damage about how I don't believe it constitutes to fair wear and tear?
Guidance: "The vehicle is available to collect from the above address on giving reasonable notice, otherwise if you prefer to have it delivered to another location, I am willing to consider this provided that you agree to pay my reasonable costs and expenses."
Contract: "Goods must be delivered to us at one of our named auction sites across the UK and Scotland at an agreed time and date in order for us to carry out the inspection. We will provide you with details of these auction sites. If you cannot deliver the Goods to one of these sites, on payment of a Collection Fee of £100.00, we will carry out the inspection and collect the Goods from your home address."
Issue: Again, I assume I have to stick to the contract here and either pay the £100 or deliver.
On the last point, where is generally the best place to have the car inspected? I assume the collection drivers are probably less diligent/ruthless than the guys at the auction site, and also, if they do pick up things later on it provides me the argument that they have appeared after pick-up?
I'm looking at VT'ing my car shortly from a HP deal. Car is in great condition, no scratches/marks/scrubs, and well within the pro-rata mileage allowance. When I VT it, I'm expecting to be around 2 months behind the 50% mark so accept that I'll need to cover off this balance and more than happy to do so.
Due to the amount of negative equity, I'm assuming I won't get off lightly here.. The car was bought for £32k forecourt price with a total payment of £38k. At the half-way point, I'll owe £19k (including interest) on a car which would webuyanycar for around £11.5k, so they'll be losing out on around £7.5k.
I've gone through the guide, and it seems so have Mobilize/RFI Finance as there are some clauses that directly contradict and seem to have me cornered. Was hoping to get a helping hand on how to approach?
Guidance: "Do I need to sign the condition report? You do not need to sign the condition report but if you do, be aware that the report may have somewhere in its small print that you accept the damage listed and agree to pay the amount."
Contract: "Either you, or someone else you have authorised in writing to represent you, must sign a vehicle inspection report. If you do not agree with the inspection report, you must state the reasons in the vehicle inspection report. However,if you do not state your reasons and/or sign a vehicle inspection report, you will be taken to accept the content of the inspection report. Our agent may require your representative to produce your written authority for that person to represent you."
Issue: Looks like I'm damned if I do, damned if I don't. I assume here I have to abide by the contract, sign the form, and state reasons if they pick up any damage about how I don't believe it constitutes to fair wear and tear?
Guidance: "The vehicle is available to collect from the above address on giving reasonable notice, otherwise if you prefer to have it delivered to another location, I am willing to consider this provided that you agree to pay my reasonable costs and expenses."
Contract: "Goods must be delivered to us at one of our named auction sites across the UK and Scotland at an agreed time and date in order for us to carry out the inspection. We will provide you with details of these auction sites. If you cannot deliver the Goods to one of these sites, on payment of a Collection Fee of £100.00, we will carry out the inspection and collect the Goods from your home address."
Issue: Again, I assume I have to stick to the contract here and either pay the £100 or deliver.
On the last point, where is generally the best place to have the car inspected? I assume the collection drivers are probably less diligent/ruthless than the guys at the auction site, and also, if they do pick up things later on it provides me the argument that they have appeared after pick-up?
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