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Hi, back in the Autumn I tried the forum to get advice on a vehicle dispute which I can't find now! My son foolishly purchased a car for which his now estranged wife is the 'user' No one wants to help and he is still paying for this car at a silly rate of interest. He does not have a key, so is not in control of the vehicle.
Finally got him to order a copy of the agreement which has just arrived.
Going through the 'small print' not paying the direct debit is just going to stack up silly costs.
However, in the section Restrictions on use 5.3 " You may not abandon the vehicle and you must keep the Vehicle in your possession or control"
Moneybarn have know he has not been in compliance with this condition since he first contacted them in August 2013 .
In the section Options on Occurrence of an event of default
8.1 reads" On or after the occurrence of and Event or Default we shall be entitled (Subject to the Consumer Credit Act 1974) and after serving a Default Notice, at our option to terminate this Agreement"
The question is: can he request or in any way make them enforce that option?
The very best thing will be to get shot of the vehicle and the debt on it as soon as possible, but he has no access to it and DVLA will not issue replacement documents and just returned the fee when he tried to get one, explaining all the issues.
Finally got him to order a copy of the agreement which has just arrived.
Going through the 'small print' not paying the direct debit is just going to stack up silly costs.
However, in the section Restrictions on use 5.3 " You may not abandon the vehicle and you must keep the Vehicle in your possession or control"
Moneybarn have know he has not been in compliance with this condition since he first contacted them in August 2013 .
In the section Options on Occurrence of an event of default
8.1 reads" On or after the occurrence of and Event or Default we shall be entitled (Subject to the Consumer Credit Act 1974) and after serving a Default Notice, at our option to terminate this Agreement"
The question is: can he request or in any way make them enforce that option?
The very best thing will be to get shot of the vehicle and the debt on it as soon as possible, but he has no access to it and DVLA will not issue replacement documents and just returned the fee when he tried to get one, explaining all the issues.
