PCP Mobilize

[WPUser16]

Hi Rob,

OK, so I just spoke with someone (same lady) and there is NO AGREEMENT in place, they've accepted a payment plan ( that they made up to pay the outstanding balance of the car ) so I am not in any PCP/HP agreement since they terminated the original agreement. SO, the letter they sent over still has the original agreement number on BUT it's just a letter saying they will accept 278pm for the next 5 years to pay off the car. When she said this I mentioned the fact that with PCP I get a guaranteed future value of the car and an optional balloon payment OR I could hand the car back, she said this does NOT apply anymore since they terminated the agreement.

So what I'm getting from this now is I'm in no agreement and they want me to pay the outstanding balance of the car over the next 5 years.

Any advice over this would be very much appreciated....the first payment of this "thin air agreement" is due tomorrow.

[R0b]

I'm not sure what more I can add, you have had your explanation that it is a payment plan because they believe the agreement to have been terminated. Either you accept that and agree to the plan or you don't. I set out the options in an earlier email so you have the choice of continuing to defend it or come to an agreement on the payment plan without the benefit of having a car. Also bear in mind if you have to look for another car that payment plan may affect your ability to finance something else.

[WPUser16]

Thanks for all your help Rob! You've been a great help. I know what I'm going to do now.

[WPUser16]

Hi Rob,
So here's what happened. I went back to them with this " I want to make it clear that any agreement to a settlement or payment plan is subject to the condition that I am agreeing to it without any admission of liability. "

They don't want to accept this even though Im happy to pay for the car! I was going to seek legal advice for their misstreatment and lack of assistance back in September when I sent them a nice email explaining my financial situation back then.