Jump to content


Hire Purchase 'cooling off' period


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 4689 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hi there, does anyone know the answer to this and what should be done next?

 

My wife bought a second hand BMW recently. She saw it saw it on the website of a BMW dealer and did all the negotiations on the phone without visiting the dealership or seeing the car. This included agreeing the hire purchase, an agreement regulated under the 1974 Consumer Credit Act. The car was delivered to her at home by a 'driver' including the HP agreement to be signed. This was all on Thursday 26th June.

 

She has not made a payment yet but wants to hand the car back and cancel the finance without penalty. Can she do so?

 

She has received no copy signed agreement or any other correspondence from the finance company yet. I thought she was supposed to receive this within 7 days?

 

Can she cancel, avoid penalty and hand the car back? Would she get her £500 deposit back? What does she do next?

Link to post
Share on other sites

Hi Porsche,

 

They have to send her a copy of the agreement within 7 days. As this was signed off site (distance selling) they have to include her cancellation rights. This link may to theOFT may be of some help.The Office of Fair Trading: Credit and hire agreements

Please Click The Scales if I have been of help to you.

 

 

Kensington Mortgages withdrawn. no costs

NatWest Settled in full

Abbey Court Settled in Full

Capital 1 settled in full

Halifax settled in full :D

Link to post
Share on other sites
  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...