Tweet
Voluntary termination finance
Hi
New to the site and looking for advice.
I'm facing some health issues which means it makes sense for me to get rid of my car as i can't drive it.
I want to voluntary terminate the agreement. At the end of this month i have paid 50%.
I made a stupid decision when i got the car, taking finance on an older car, which is now 11 years old and i still have over 3k outstanding in negative equity.
The car was sold to me with only 1 key, few scratches and paint chips and no service book. I have had it serviced since but only have the reciepts, no stamps as the book wasn't sold with the car.
i have done some research on this and it seems that these companies like to send big bills to recoup some money.
I know given this info, I'm likely to get a bill, but can i fight this given the cars age and the fact these items where not sold with the car, albeit i can't prove it.
The finance is with advantage finance if that helps.
They have also said they'll be sending me a pack that i must fill out and sign. Is that right? I though i just had to email them saying i wanted to terminate.
I plan on emailing them after my payment end of this month once ive paid 50%
Any help on my initial email or the questions i have above so i can be prepared for the worst possible outcome with them.
Thank you kindly
Kelly
New to the site and looking for advice.
I'm facing some health issues which means it makes sense for me to get rid of my car as i can't drive it.
I want to voluntary terminate the agreement. At the end of this month i have paid 50%.
I made a stupid decision when i got the car, taking finance on an older car, which is now 11 years old and i still have over 3k outstanding in negative equity.
The car was sold to me with only 1 key, few scratches and paint chips and no service book. I have had it serviced since but only have the reciepts, no stamps as the book wasn't sold with the car.
i have done some research on this and it seems that these companies like to send big bills to recoup some money.
I know given this info, I'm likely to get a bill, but can i fight this given the cars age and the fact these items where not sold with the car, albeit i can't prove it.
The finance is with advantage finance if that helps.
They have also said they'll be sending me a pack that i must fill out and sign. Is that right? I though i just had to email them saying i wanted to terminate.
I plan on emailing them after my payment end of this month once ive paid 50%
Any help on my initial email or the questions i have above so i can be prepared for the worst possible outcome with them.
Thank you kindly
Kelly
Comment