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Hi, called today to finance company - I said that would like to return the car, its time for VT. Then they sand me documents, said that i need to sign, and only after that they will give me auction address. Do I need to sign this documents? Thank you
Voluntary Termination Form
Please complete this section if you wish to voluntarily terminate your Billing Finance Hire Purchase
agreement and return the vehicle to us.
Please ensure that you return this to our address.
Agreement Number:
Vehicle Details:
Name:
registration
I wish to exercise my rights under section 99 of the Consumer Credit Act 1974 (CCA) and terminate my agreement with you. I understand that if I have not paid half of the total amount due under my agreement, or if there are arrears on my account, there will be further sums to pay as required under section 100(1) of the CCA. I also understand that if an inspection of the vehicle shows that it is not in reasonable condition for its age and mileage or I have failed to adhere to my obligations in respect of maintenance and servicing, the amount owing may be increased to cover any loss in value or damage in accordance with s100(4) of the CCA.
I confirm that (please tick as applicable):
I agree to have the transport company collect the vehicle and I understand that there is a fee of £100 plus VAT for a car or light commercial vehicle and £150 plus VAT for a motorcycle, which will be added to my account. I understand that the transport company will call me to arrange a suitable time for collection.
The vehicle is a non-runner and will require collection by your transport company, and I understand there is a charge equal to the amount Billing Finance is invoiced by the independent authorised transport company. I understand that the transport company will call me to arrange a suitable time for collection.
I wish to return my vehicle, within 10 days, to a Billing Finance approved drop-off site I understand that:
I remain liable for all contractual amounts due under this agreement until the voluntary termination process has been concluded and any remaining liability will be communicated to me after the vehicle has sold;
If the transport company is unable to recover the vehicle within 10 days or I fail to deliver the vehicle to the auction house within 10 days, I may be charged its replacement value or a court order may be obtained for its return;
If I decide not to hand the vehicle back, I must let the transport company know at least 24 hours in advance of the arranged pick up or delivery time. I understand that I may otherwise incur a cancellation fee of £100 plus VAT;
If the vehicle does not hold a current and valid MOT certificate, the vehicle will be treated as a ‘non-runner’ and the charges incurred by Billing Finance will be added to my agreement.
Date of Signature:
Voluntary Termination Form
Please complete this section if you wish to voluntarily terminate your Billing Finance Hire Purchase
agreement and return the vehicle to us.
Please ensure that you return this to our address.
Agreement Number:
Vehicle Details:
Name:
registration
I wish to exercise my rights under section 99 of the Consumer Credit Act 1974 (CCA) and terminate my agreement with you. I understand that if I have not paid half of the total amount due under my agreement, or if there are arrears on my account, there will be further sums to pay as required under section 100(1) of the CCA. I also understand that if an inspection of the vehicle shows that it is not in reasonable condition for its age and mileage or I have failed to adhere to my obligations in respect of maintenance and servicing, the amount owing may be increased to cover any loss in value or damage in accordance with s100(4) of the CCA.
I confirm that (please tick as applicable):
I agree to have the transport company collect the vehicle and I understand that there is a fee of £100 plus VAT for a car or light commercial vehicle and £150 plus VAT for a motorcycle, which will be added to my account. I understand that the transport company will call me to arrange a suitable time for collection.
The vehicle is a non-runner and will require collection by your transport company, and I understand there is a charge equal to the amount Billing Finance is invoiced by the independent authorised transport company. I understand that the transport company will call me to arrange a suitable time for collection.
I wish to return my vehicle, within 10 days, to a Billing Finance approved drop-off site I understand that:
I remain liable for all contractual amounts due under this agreement until the voluntary termination process has been concluded and any remaining liability will be communicated to me after the vehicle has sold;
If the transport company is unable to recover the vehicle within 10 days or I fail to deliver the vehicle to the auction house within 10 days, I may be charged its replacement value or a court order may be obtained for its return;
If I decide not to hand the vehicle back, I must let the transport company know at least 24 hours in advance of the arranged pick up or delivery time. I understand that I may otherwise incur a cancellation fee of £100 plus VAT;
If the vehicle does not hold a current and valid MOT certificate, the vehicle will be treated as a ‘non-runner’ and the charges incurred by Billing Finance will be added to my agreement.
Date of Signature:
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