Thread: returning a car to finance company

had nothing but trouble with welcome finance since i got the car i have now got a a statement from them the first ive had in 31/2 years anyway with interest i owed them 9495 have paid back 5345 can i return the car to them it is in good condition and has only done about 1000 miles more than when i got it if i can return the car how do i go about it thanks buffy x
they have also charged me 700 in fees not to worried about that just want to get them off my back

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it is a hire purchace agreement thanks

hi got a car on hp from welcome finance total was 9595 thats with the interest have paid over 50% back and now want to return the car back to them what is the best way to go about this should a phone or write to them or can i just take the car back thanks for looking buffy x

If you have paid 50% of the agreement, you are entitled to return the vehicle so long as you have put the request in writing. This is called Voluntary Termination, and it is part of the Consumer Credit Act.

Make sure you take photos of the car before you leave it with the Finance Company. Close ups of the body panels especially.

If you need some more advice on HP, and this Voluntary Termination, here is a link:

National Debtline England & Wales | Debt Advice | Factsheet 16 How To Deal With Hire Purchase Debt

opps i dont mean to be a pain but thanks anyway

thanks uk link was just what i needed

sugar faye comes out of school @ 3.30 got to run

moved.

just sent a cca they recived it on the 26th so if i am right they have got 12 days from then to send me a copy
also sent a vt which they got on the 25th
i have already got all the satements from them i phoned a couple of weeks ago and they arrived after 6 or more phone calls to them to get them i told them that i had never had any satements from them since i got the car in 04 so i know i have paid well over half
on friday i got a phone call asking for a payment i told them i had sent a VT and he said i should of sent it to him at my local branch he said he would sort it out and i will get a phone call telling me when and how i could return the car he also said that i will owe money i asked him what for and he said insurances i asked what insurance and he said oh yeh you didnt have any but you still might owe us money i told him i wouldnt coz i had paid over half back and he then said it should be ok then
so as soon as i get my cca i will put it on here or if i get a call from them i will let you know thanks Buffy

what do i do now
we vt the car
we vt the car they came and took the car back in april we have just got court papers from welcomes solicitor for £3115.79 they have defaulted us for failing to make payments but they ended the agreement so can they default me on an agreement that has ended ?
also i am going to defend this should i just defend it for now or put in a counter claim
any advice would be great thanks buffy x

hi thanks for looking at this thread
yes i did send them the vt and the acepted it sent someone from rac who checked it over then someone came from a car auction place and took the car
just trying to sort out my scanner but just read the agreement and it does say the same

the problem is my husband had a bad accident at work and was off for nearly 2 years our solicitor phoned welcome for us and they said we could reduce the payments to £50 a month which we did they never mentioned arreas untill this court paper came we had paid more than what is stated on hire purchase under termination also we have a feeling that welcome still think we have the car and what happens to the money from the auction
will scan the hp in a bit
thanks again Buffy