Hello,
I have seen that there have been similar posts regarding my situation and hope you can advise.
I have a car on finance and have done since 2011 and have around 1 year to go. The car is starting to play up now and due to the mileage I am travelling I am looking to change it.
I am advised at the time of purchase that I would be able to change my vehicle once over the half way mark. After I contacted ACF in July last year to take this option, I was told that this wasn't the case and I would need a settlement figure and to either pay off the balance or take out a new agreement through new finance at a garage but this wasn't anything they could help with,
After obtaining a settlement figure, I was disgusted to see that the amount owing far exceeded the value for the car. I have negative equity.
After doing a bit of digging I have now discovered ACF are no longer trading - probably due to the excessive complaints I have seen about them.
My question is can I return the car in any way? cancel this bill of sale and get rid of The Funding Corporation once and for all?
Thanks
I have seen that there have been similar posts regarding my situation and hope you can advise.
I have a car on finance and have done since 2011 and have around 1 year to go. The car is starting to play up now and due to the mileage I am travelling I am looking to change it.
I am advised at the time of purchase that I would be able to change my vehicle once over the half way mark. After I contacted ACF in July last year to take this option, I was told that this wasn't the case and I would need a settlement figure and to either pay off the balance or take out a new agreement through new finance at a garage but this wasn't anything they could help with,
After obtaining a settlement figure, I was disgusted to see that the amount owing far exceeded the value for the car. I have negative equity.
After doing a bit of digging I have now discovered ACF are no longer trading - probably due to the excessive complaints I have seen about them.
My question is can I return the car in any way? cancel this bill of sale and get rid of The Funding Corporation once and for all?
Thanks
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