Thread: Cygnet Finance

Help I am 2yrs into a 3 and a half yr contract with cygnet finance for a car which I cant afford to pay any more I have requested an early settlement figure but for some reason they will not reply to my emails for it. However after a lot of phone calls pestering them they said I would still have to pay the full sum owed. so why is their a part in the bill of sale which shows examples of early settlement figures if they dont even let you do it. I have also noticed that my bill of sale is not stamped by the high courts and cant be as I took my bill of sale away with the car on the same day. I have already had to go through the process of claiming false insurance polocies back with this company. I am now paid of work and cant keep up pyments but a friend wants to buy my car off me but didnt think it would cost that much to pay off with an early settlement. please help.

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i miht be able to shed some light

if the bill of sale has not been registered in the high court within seven days of sale, its worthless

if you have paid more than a third of the agreement and not in arrears, you can do a vt, end of

under the termination rights on the agreement, it will tell you how much to pay before you can do a vt

after you claimed back the dubiouse insurancies, did you sign a modified agreement for the new payments

and welcome to CAG

How do I make sure the bill of sale is not stamped?
and also some people are saying if it is a HP agreement I cant settle early.

I am 1 month in arrears due to being payed off work but have made them aware that I want to pay them off before they repossess. They just dont seem to want to get the actual settlement figure to me in writing.

you can check with the high court if it is registered
it will cost you fifty quid though

lets end this on the settlement biz

if you have paid off more than a third, you can do a vt

send cygnet a letter by recorded delievery
request a settlement letter
lets see them deny your request in a letter

also

as you have paid off more than a third, and the bill of sale not registered,
if they do a repo, you will get back every penny back that you paid cygnet

Thanks any idea how long it will take to contact the high court though as it is going to be repossessed soon or should I hide car till I find out. thanks for help

come back later and ill dig out a link where you can check if the bill of sale is registered

it all depend if the sale is registered
as it cost the finace co money, they may not have
ill comment in a bit on the repo once the bill is confirmed

ill need some time to find the link to the high court to check the bill of sale
some one may post a link first with luck

not sure if you can do it on line
a link will be posted if possible

send to the address below
ime sure it is fifty quid now not forty

· Make a written application (no internet service) with a £40 fee (recorded/special/registered delivery)

· Provide the name and address of yourself and the other party

· It is likely that you will receive a response within a couple of days.

· The address is Judgement and Orders Section, Room E15, Royal Courts of Justice, Strand, London, WC2A 2LL

thanks very much, what exactly happens if it is not stamped not sure what is best thing to do.

if it is not stamped it becomes just a normal finance agreement
like i said
before i comment more, confirm if the bill of sale is registered
if it is not, you are in the driving seat on this one