Thread: welcome finance VT..

Hi guys wondering if you could help,

i have VT'd in accordance with s99 of the consumer credit act (by using the 50% clause) however over the phone they've stated i would be liable for the mechanical Breakdown ins, and shortfall insurance which is about 1k

looking over my agreement in the first letter headed: Hire purchase agreement

which is basically a welcome letter it tells me what my monthly payments will be then goes through the following,

PPI

N/A

Mechanical breakdown ins

N/a

Shortfall ins

(a breakdown of what this is)

Collision legal expenses ins

N/A

now as they have stated N/A for mechanical am i still liable? as on the signed agreement by me it is ticked and i have signed...

also ive never received the logbook..

although tax disc reminders come to my house so does that mean the book has been lost somewhere and is DEFINATELY in my name?

I would agree they appear just to be trying it on over the insurances. Tell them you have/never had any such cover and therefore don't owe them anything.

If you are getting the tax disk reminders then yes, that would confirm you are the RK on the DVLA systems.