Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974

[martyrobster]

Re: Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974

thanks for that and what age is the vehicle? new or old?

its a 2003 Land Rover Discovery

[R0b]

Re: Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974

thanks for that and what age is the vehicle? new or old?

[martyrobster]

Re: Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974

Hi Marty, I'll respond in full later but do you still have a copy of the report which the agent wrote on to say you received the report but don't agree with the charges?

In short they can't charge you for any that you have stipulated with exception to the £200 you say is reasonable, what costs are these for ?

Hello Rob.

the report - Damage Assessment

Document - Service history - incomplete - recharge £300 (last stamped in October 2008)
Right Rear Door - dent - PDR up to 75mm £48 (chip) wear and tear?
Rear Seat - soiled - valet £50 (it is just a very little bit of paint on it, it was there before I bought it - however don't have proof for that - will pay for it)
Load Compartment - missing - £50 (I never got this when I bought the car)
Left Rear Door - dent - PDR up to 75mm £48 (chip) wear and tear?
Left front Door - dent - Repair and refinish 1 - £213.50 (very small dent) - maybe liability for that despite it was there before when I bought the car
Left front wing- dent - PDR up to 75mm £48 (chip) wear and tear?
Front bumper scratched - through paint - £70 (it was an accident which I am happy to pay)

the total for above are £827.50

I didn't sign on the device until the person wrote on the back of the report sheet "ONLY SIGN TO SAY WE HAVE GAVE YOU REPORT NOT (not got two underlines) AGREE TO COSTS ON REPORT"... When the man wrote, I had a witness, a friend who was with me saw him writing on it and I felt this part may be in my favour?

The only thing I felt I agree with is Valet, Repair and Refinish1 and Front bumper which would cost in the region of £330?

[R0b]

Re: Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974

Motonovo

Hi Marty, I'll respond in full later but do you still have a copy of the report which the agent wrote on to say you received the report but don't agree with the charges?

In short they can't charge you for any that you have stipulated with exception to the £200 you say is reasonable, what costs are these for ?

[martyrobster]

Re: Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974

Motonovo

[R0b]

Re: Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974

Who is the lender?

[martyrobster]

Re: Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974

Hello after seeing all the messages... saw it after the car went away and was a bit too late...

I got to the point that the car was VT inspected and taken away.

I got a letter saying I am lability for £827.50 for repairs, I signed the inspection report. I was not sure at that time, was trying to avoid signing until the man said sign that to confirm that i got the report. i am deaf myself, i rely on sign lanugage. he wrote on the back of the report sheet "sign this to confirm that you recieved the report NOT the costs of the repairs"... am i being fleeced here or the man inspecting the car wrote the quote i have given above just gave me an upper hand?

they tried to charge me for
3 chips - would that be "wear and tear"?
secuirty loading sheet for the back of the car - I never got it when i bought the car
not full service history - the last stamped was in 2008 and I bought the car 18 months ago. i am being charged 300 for this.

there's a few other things i felt is fair and willing to pay for it. which is almost £200.

they also said i will be lability to the balance after the auction? i thought that if i VT, thats it?

"we would point out that your lability is limited to the amount required to settle the agreement. this may be further reduced after the proceeds of sale have been credited to your agreement,following sale of the vehicle. you will receive confirmation of the final amount due shortly"

also... on the letter they said i could pay the costs and have 20% taken off at the time of the car being taken away. this didn't actually happen and the person inspected the car never mentioned it, I sort of missed the chance of 20% taken off the costs?

they also mentioned this

"will result in your agreement being noted as terminated with default liability, and could affect your ability to obtain finance in the future"

but how can they actually default something when the agreement is not in force anymore?

a bit of help would be greatly appreciated

[Chris_P]

Re: Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974

Pay the difference or wait until you hit the 50% mark. You can only VT if you have paid at least 50% or are able to make up the difference at the time you wish to VT.

Thanks R0b

[R0b]

Re: Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974

bump

Pay the difference or wait until you hit the 50% mark. You can only VT if you have paid at least 50% or are able to make up the difference at the time you wish to VT.

[Chris_P]

Re: Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974

Hi All,

Hopefully an easy one here.

I purchased a Polo last year from a franchise dealer. All the finance was done through VWFS. It's a 3 year deal and I've not paid anywhere near 50% and want to voluntarily cancel as I don't need the car anymore.

What are my options here?

Appreciate all advice.

C

bump

[R0b]

Re: Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974

Hello,

Send them another letter with the effect of saying that you disputed the amount of rears and that there was only 1 months worth of arrears outstanding. By accepting and cashing the cheque they have agreed that only 1 month is outstanding and no such further monies is owed - any further letters requesting payment shall be treated as harassment and action may be taken against them.

If the date for collection has passed and they have not collected the car, I would give them a further 7 days to collect the vehicle otherwise you shall return the V5C to the DVLA informing them of a change of registered keeper, and that you will cancel the tax and insurance on the vehicle. Liability and responsibility will then fall to Peugoet as a result of their failure to collect the vehicle within a reasonable time as the Agreement has now been terminated (alternatively if you have a drive yu can suggest that you will store the vehicle on the driveway and charge a daily rate of £5 until they have collected the vehicle, which of course will not be returned to them until such payment as you would be holding a lien over the goods, or you could return ti and chase through the courts.)

All of the above is subject to you being certain that you owe only 1 months arrears - so before you do send something like that out, double check your figures as if you are wrong, then you could land yourself with further problems.

[RJW]

Re: Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974

Anyone?

[R0b]

Re: Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974

If it is a conditional sale agreement you will be fine to VT - there should be a box on your pre-contract information which tells you how much you should be paying before you can VT. If you have not reached this amount you will need to pay it before the agreement is terminated.

[Jferriday7]

Re: Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974

Hi again, sorry i've just had a look at my finance docks, type of credit is conditional sale agreement?

[Jferriday7]

Re: Voluntary Termination of a Hire purchase or conditional loan under the CCA 1974

I think your correct actually, i'm going to wait on there reply however I think its a personal loan. I'm not too sure, If it is a personal loan what would my options be?