Hi All Section 99 of the 1974 consumer credit act , help would be appreciated

[Phillyboy111]

I took out a purchase agreement from Moneybarn on a vehicle in 2015, the car is in immaculate condition, very low mileage and I have not missed a payment, so everything is up to date, I have paid in excess of 50% of the total loan amount and I was wanting to return the vehicle and cancel the agreement, I wonder if this is possible under the 1974 s99/100 act? The car is currently on a SORN as I cant afford to run it, I plan on taking it off SORN, Taxing, Servicing and Testing it before I return the vehicle.

I think I have met all the criteria but I was told yesterday that even if I return the vehicle I will still have to pay the outstanding amount less any amount they can sell the vehicle for? and I am not sure what is being said is accurate.

Thanks in anticipation

[Amethyst]

Do you have a copy of the agreement ?

Who told you you that you couldn't vt yesterday ?

Moneybarn faq on vt https://www.moneybarn.com/how-it-wor...greement-need/

[Phillyboy111]

Thanks for that, I have a copy of my agreement and it does not state anywhere my right to cancel (except the 14 day cooling off period) it is definitely a Hire Purchase agreement and I have never missed a single payment so I am going to contact them again and will refer to their own website.