I have called my finance company to VT my vehicle. I first called them on 13th of October and they told me there was £400 outstanding to reach 50% of my agreement. I made this call because I might be working from home for a long period due to covid and was awaiting confirmation
I then called them today to VT as I received confirmation that I will be working from home for at least year so no longer need the vehicle they then told me that I now have to pay £600 liability. My agreement started on the 14th of the month but I pay at the end of each month so they said because I have kept the vehicle for an extra two weeks their system automatically generated that I need to pay the £200 for this month which takes it to £600
I refused as I am led to believe that as long as I pay 50% of agreement there will be nothing else to pay am I correct if I pay £600 I would have gone over 50% or at the very least they should say I should pay two weeks payment not a month
please help
I then called them today to VT as I received confirmation that I will be working from home for at least year so no longer need the vehicle they then told me that I now have to pay £600 liability. My agreement started on the 14th of the month but I pay at the end of each month so they said because I have kept the vehicle for an extra two weeks their system automatically generated that I need to pay the £200 for this month which takes it to £600
I refused as I am led to believe that as long as I pay 50% of agreement there will be nothing else to pay am I correct if I pay £600 I would have gone over 50% or at the very least they should say I should pay two weeks payment not a month
please help
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