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I am going down the route of a VT of my contact with Mercedes Finance, i have read several posts and obtained a copy of the letter template to send to the finance company. I sent them this yesterday via email and received an email delivery confirmation. I called to ensure it was received and was being dealt with, i have been told it has been received and they are processing it and will post out a pack for me to sign and send back. Can i clarify, as long as my letter is signed that is all i need to do ?
Copy of letter sent
To: Mercedes Benz Finance Tongwell Milton Keynes MK158BA
Dear Sir/Madam
VOLUNTARY TERMINATION OF AGREEMENT
Account No: (Mercedes/C Class C220 CDI Sport )
I am writing to notify you that I am exercising my right to terminate the above Agreement under Section 99 of the Consumer Credit Act 1974. You will understand that the aforementioned section permits the debtor to terminate the agreement at any time before the last payment is due. There is no restriction regarding the exercising this statutory right, particularly none in respect of any perceived arrears or monies due on termination I understand that I shall be liable to you for the amount calculated under the formula in Section 100 of the Consumer Credit Act 1974. Please forward notice of any sums lawfully due for consideration and payment.
The above agreement will be terminated 14 days from the date of this notice. Please send me details of how the vehicle can be returned to you. You will be aware that statute prevents you from levying a charge for the recovery of this vehicle; guidelines also state that if you require me to deliver this vehicle it must be no more than a short (reasonable distance) from my registered address. Please confirm receipt of this request by telephone to me on 00000000000.
Yours faithfully
I am going down the route of a VT of my contact with Mercedes Finance, i have read several posts and obtained a copy of the letter template to send to the finance company. I sent them this yesterday via email and received an email delivery confirmation. I called to ensure it was received and was being dealt with, i have been told it has been received and they are processing it and will post out a pack for me to sign and send back. Can i clarify, as long as my letter is signed that is all i need to do ?
Copy of letter sent
To: Mercedes Benz Finance Tongwell Milton Keynes MK158BA
Dear Sir/Madam
VOLUNTARY TERMINATION OF AGREEMENT
Account No: (Mercedes/C Class C220 CDI Sport )
I am writing to notify you that I am exercising my right to terminate the above Agreement under Section 99 of the Consumer Credit Act 1974. You will understand that the aforementioned section permits the debtor to terminate the agreement at any time before the last payment is due. There is no restriction regarding the exercising this statutory right, particularly none in respect of any perceived arrears or monies due on termination I understand that I shall be liable to you for the amount calculated under the formula in Section 100 of the Consumer Credit Act 1974. Please forward notice of any sums lawfully due for consideration and payment.
The above agreement will be terminated 14 days from the date of this notice. Please send me details of how the vehicle can be returned to you. You will be aware that statute prevents you from levying a charge for the recovery of this vehicle; guidelines also state that if you require me to deliver this vehicle it must be no more than a short (reasonable distance) from my registered address. Please confirm receipt of this request by telephone to me on 00000000000.
Yours faithfully
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