I have paid 46 of 48 payments on a PCP agreement prior to balloon payment due. Having exercised my right to terminate agreement I have received a letter stating there is a 2nd Schedule fee to pay under the agreement terms. What is this? I cannot find anything in the documents about it. Also there is a form to complete and send back with the payment which also states "i also understand that I may have an additional liability if I have not taken reasonable care of the goods and the resale price is adversely affected". The car incidently is immaculate and only be returned due to ill health effecting my income. If I sign this I am worried about further financial implications....
PCP Agreement
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Having exercised my right to terminate agreement I have received a letter stating there is a 2nd Schedule fee to pay under the agreement terms. What is this?
Also there is a form to complete and send back with the payment which also states "i also understand that I may have an additional liability if I have not taken reasonable care of the goods and the resale price is adversely affected".
My VT guide gives you pretty much everything you need to know.
https://legalbeagles.info/forums/for...on-your-rightsIf you have a question about the voluntary termination process, please read this guide first, as it should have all the answers you need. Please do not hijack another person's thread as I will not respond to you
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