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Hi there,
I'm looking to voluntarily terminate my vehicle finance, but have a question if anyone can help.
In the terms & conditions it says:
"Your right to end this agreement
You may end this agreement by taking the steps set out in the notice 'Termination; Your Rights' shown in the agreement. You must then (at your own expense) return the Vehicle to us together with the registration document, tax disc and MOT certificate. You must also pay to us any further amount mentioned in the notice."
Am I right in thinking that returning the vehicle shouldn't be 'at my own expense' as mentioned above.
Should I mention this point when sending the letter to them to terminate? Something along the lines of: "In clause 9 you state that I have to return the car 'at my own expense', however as the the Consumer Credit Act 1974 explicitly states that, my liability under the agreement is limited to half the total amount payable and any terms under the agreement which imposes additional liability directly or indirectly is strictly prohibited by the Act. As such you will need to collect the vehicle within 14 days, as stated above."
Thanks
I'm looking to voluntarily terminate my vehicle finance, but have a question if anyone can help.
In the terms & conditions it says:
"Your right to end this agreement
You may end this agreement by taking the steps set out in the notice 'Termination; Your Rights' shown in the agreement. You must then (at your own expense) return the Vehicle to us together with the registration document, tax disc and MOT certificate. You must also pay to us any further amount mentioned in the notice."
Am I right in thinking that returning the vehicle shouldn't be 'at my own expense' as mentioned above.
Should I mention this point when sending the letter to them to terminate? Something along the lines of: "In clause 9 you state that I have to return the car 'at my own expense', however as the the Consumer Credit Act 1974 explicitly states that, my liability under the agreement is limited to half the total amount payable and any terms under the agreement which imposes additional liability directly or indirectly is strictly prohibited by the Act. As such you will need to collect the vehicle within 14 days, as stated above."
Thanks
