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Good Morning All,
I have search the net and LB for this topic but I can't see anyone who's been in this position oddly!
Back at the start of this year I signed a vehicle order form with a lease broker, the 14 day cooling off period has now elapsed.
I have not yet signed the Finance Agreement with the funder / supplying dealer as it took them a month to get it to me after it wasn't correct in the first instance and lots of chasing.
However I'm now in a position where I do not want to go ahead with the car as it's utterly frustrated me with their incompetence and lack of willingness with me, the customer & I'm concerned should something happen during the contract term they will be of no use.
After looking on Nationwide Vehicle Contracts, Lingcars and a few other brokers a lot of them state that:
Lings also state:
If you have changed your mind:
If you have simply changed your mind about your order you should inform me in writing/fax/email as soon as possible. Unless you have signed finance documents and exceeded cooling-off period, I should be able to unwind order. However, there may be a charge for doing so if costs have been incurred by supplier. If you are outside cooling-off period, you must deal with finance company who underwrite your car/van.
Can I legally walk away? I appreciate they will withhold Admin Fee and deposit - I'm ok with that - it's bearable.
Thanks in advance!
Splash!
I have search the net and LB for this topic but I can't see anyone who's been in this position oddly!
Back at the start of this year I signed a vehicle order form with a lease broker, the 14 day cooling off period has now elapsed.
I have not yet signed the Finance Agreement with the funder / supplying dealer as it took them a month to get it to me after it wasn't correct in the first instance and lots of chasing.
However I'm now in a position where I do not want to go ahead with the car as it's utterly frustrated me with their incompetence and lack of willingness with me, the customer & I'm concerned should something happen during the contract term they will be of no use.
After looking on Nationwide Vehicle Contracts, Lingcars and a few other brokers a lot of them state that:
- There is no binding agreement between you and BROKER until a valid finance agreement is in existence, and BROKER has received all correct documentation.
Lings also state:
If you have changed your mind:
If you have simply changed your mind about your order you should inform me in writing/fax/email as soon as possible. Unless you have signed finance documents and exceeded cooling-off period, I should be able to unwind order. However, there may be a charge for doing so if costs have been incurred by supplier. If you are outside cooling-off period, you must deal with finance company who underwrite your car/van.
Can I legally walk away? I appreciate they will withhold Admin Fee and deposit - I'm ok with that - it's bearable.
Thanks in advance!
Splash!
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