VT car agreement

[pandysgal]

hi all

i am currently Voluntary Terminating our car agreement with Advantage Finance i have received the settlement figures as we are only 39% of the way through the agreement. They are insisting we pay for all insurances that were taken out except for the gap finance one.
Reason for terminating is that the car has been in and out the garage since the week after we bought it. Advantage finance were no help whatsoever in all this time .
Hubby asked to cancel warranty insurance etc(which he was told on day of buying the car that we had to take it for deal to be completed) when they refused to honour work on the car because of car milage(74,000 when bought on 07 plate Corsa Diesel)and was told that he wasnt allowed to cancel. I have a folder full of repairs done to the car including rust on bodywork which the garage covered up and has since re-appeared worse than ever.

We are dropping the car off Tomorrow at specified drop off point and will use the advice in other posts re: photographic evidence etc.

i have read other posts regarding VT but i am unsure whether we have to be liable for these warranty insurances (they are with the AA). Advantage are telling us that we can phone the AA and transfer these insurances to another car but we have no need for them and never have as they have not been worth the paper they were written on.


please help

thanks in advance

[ostell]

Re: VT car agreement

When did you buy the car? It looks as though there may be more to this. The breakdown insurance looks as though it was mis-sold as a claim against it was refused. If the car has been in and out of the garage within a week of purchase then it could be a case of Sale of Goods Act conformance.

[labman]

Re: VT car agreement

Was the cost of the insurances added in with the CCA agreement?

[pandysgal]

Re: VT car agreement

we bought the car in January 2012. it had been in the garage 12 times by the June of 2012.
they have set out the payments of the car then set out the payments of the gap insurance mot failure and warranty insurances on next page but we pay all in 1 payment.
contract says we need to pay 50% of contract which with insurances is £6800 odds(dont have figures in front of me at the moment) we have currently paid £5344 and they are asking us for £2135.

thanks

[pandysgal]

Re: VT car agreement

we bought the car in January 2012. it had been in the garage 12 times by the June of 2012.
they have set out the payments of the car then set out the payments of the gap insurance mot failure and warranty insurances on next page but we pay all in 1 payment.
contract says we need to pay 50% of contract which with insurances is £6800 odds(dont have figures in front of me at the moment) we have currently paid £5344 and they are asking us for £2135.

thanks

labman cost of insurances was roughly £2035 with interest it came to over £3000 as i said dont have paperwork in front of me at moment im at work.

[labman]

Re: VT car agreement

we bought the car in January 2012. it had been in the garage 12 times by the June of 2012.
they have set out the payments of the car then set out the payments of the gap insurance mot failure and warranty insurances on next page but we pay all in 1 payment.
contract says we need to pay 50% of contract which with insurances is £6800 odds(dont have figures in front of me at the moment) we have currently paid £5344 and they are asking us for £2135.

If the contract specifies that figure, that figure is the figure you need to pay - don't be pressured into paying one penny more. BUT you don't have to pay it now. You can VT the car whether or not they like it, give them a date on which the contract is going to end, and that is when it ends, full stop.

It may mean that you still owe them some money (roughly £1450), and they are within their rights to get debt collectors or whatever to collect the money outstanding (if you can't afford to pay it now). The good thing about that though is that it can be on negotiated, AFFORDABLE monthly repayments, like a DMP. We can help you resolve that without any problem at all.

50% is 50%. If that is stated in the agreement and specifies it includes insurances, then that is all you pay. Garages hate people knowing their rights over this and will do anything to try to get extra money out of you. Do not be taken in by their efforts.

Have a read of this which will answer all your questions (I hope). Anything left - just post up.

http://www.legalbeagles.info/forums/...r-the-CCA-1974


:beagle:

[Spinky86]

Re: VT car agreement

Hi I have been reading all the posts in this forum and have used the template to terminate my car under VF. We agreed to leave the car at a local Honda garage to be collected (finance is through BMW finance but the car was bought via a Honda garage). However we have just had a call stating that the dealer is refusing to handover the car to the finance company and do not want to oversee the collection of this!!! This was all pr arranged with the dealer however they appear to now have changed their minds!! The issue is we are abroad for the next two weeks and can't therefore go and collect the car. Can you please advice what we can do and if it's our responsibility to collect the car from the dealership so the inspection company can now take this? Many thanks in advance