Can finance company exercise voluntary termination if I had vehicle only for 8 days ?

[capo1277]

Hi,so I took van on finance from Moneybarn,with Zuto and after 8 days I had vehicle, changed my mind, and wanted to return van back .Contacted Zuto,and they said :you have to pay your contract ,threre is no way out,then I cheked google ,and faund solution,that 'voluntary termination'.I writed email for Moneybarn,that I would like to make voluntary termination,because I don't need vehicle anymore.So they arranged van collection with BCA and solded van on auction.Now they asking me to pay directly to they bank account half contract balance of £8781.60 .When I collected van from dealer,I payed £400 deposit ,done with vehicle aroun 400 miles,van price at seller was £11995.Total contract was for 4 years, £450 monthly and tolal contract amount was £17963.20.I don't think I am paying nearly £9000 for nothing.
Do I have any legal rights in like that situation ?
Thank you .

[ostell]

No, you asked them to voluntary terminate and you are liable for 1/2 the contract price.

Is the van purchased as a business? Was this an online purchase

[capo1277]

Van purchase as a private person via Zuto over the phone calls

[capo1277]

Are they going to send to my house bailiff to collect all goods ?, what's going to happen ?