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Re: Hi im new here and desperate for help.
Okay xx
I do think that GS have been sneaky/crafty etc and whereas you thought they were giving you £17k p/ex AND paying off the previous loan, they have just paid off the previous loan. The way the invoices are written out and the slight adjustments in the amounts do feel like an adjustment in order to confuse and mislead you. However that is your word against theirs and possibly a highway to nowhere fighting that. You sold your old caravan for £32816, so they did make a profit of £10k on it.
The way the invoices are it does actually appear that you benefited by £16500 ish from the original invoice. The discussions over the repayment of the previous loan may have been confused but I can't imagine you agreed JUST to a part exchange of £17k on a under 1 year old van you bought for £42k so it is likely they said something like £17k p/ex and sort out repayment of the loan, which you took to mean £17k plus the £32k outstanding, and they meant the £17k being bumped up to £32k to cover the loan.
You have to treat it as two transactions.
You sold your van to them for £32 k which was used to pay off the outstanding loan.
You bought the new van for £58k with £24k cash and a loan for the rest.
Sorry. Basically all you have lost is £10k ( the purchase price of the old caravan to how much you sold it for a year later - so £42k to £32k)
Please send off the SAR letters to Golden Sands and BPF. I'd also like you to send a CCA request letter off to BPF - http://www.legalbeagles.info/forums/...y-of-Agreement .
Keep trying to sell your van and move on with life and we'll take a look at all the documents when they come back in, they should show exactly how the loan was applied for and agreed, and how the previous loan was paid off. Should also be any key facts type documents and copies of letters stating 74 payments rather than 120 etc.
Okay xx
I do think that GS have been sneaky/crafty etc and whereas you thought they were giving you £17k p/ex AND paying off the previous loan, they have just paid off the previous loan. The way the invoices are written out and the slight adjustments in the amounts do feel like an adjustment in order to confuse and mislead you. However that is your word against theirs and possibly a highway to nowhere fighting that. You sold your old caravan for £32816, so they did make a profit of £10k on it.
The way the invoices are it does actually appear that you benefited by £16500 ish from the original invoice. The discussions over the repayment of the previous loan may have been confused but I can't imagine you agreed JUST to a part exchange of £17k on a under 1 year old van you bought for £42k so it is likely they said something like £17k p/ex and sort out repayment of the loan, which you took to mean £17k plus the £32k outstanding, and they meant the £17k being bumped up to £32k to cover the loan.
You have to treat it as two transactions.
You sold your van to them for £32 k which was used to pay off the outstanding loan.
You bought the new van for £58k with £24k cash and a loan for the rest.
Sorry. Basically all you have lost is £10k ( the purchase price of the old caravan to how much you sold it for a year later - so £42k to £32k)
Please send off the SAR letters to Golden Sands and BPF. I'd also like you to send a CCA request letter off to BPF - http://www.legalbeagles.info/forums/...y-of-Agreement .
Keep trying to sell your van and move on with life and we'll take a look at all the documents when they come back in, they should show exactly how the loan was applied for and agreed, and how the previous loan was paid off. Should also be any key facts type documents and copies of letters stating 74 payments rather than 120 etc.
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