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Unlawful Car Repo? MotoNovo


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Hi Orfoster,

 

OK looking at your statement:

 

5995 + 2276.08 + 199 = 8470.08

Total due = 8619.08

Diff = 149 (option to buy???)

 

14NOV09 5995 + 2276.08 + 199 + 129.57(option to buy?????) = 8599.65

Diff from total due = 19.43 (for what??????)

 

8599.65 1/3 = 2866.55

8619.08 1/3 = 2873.03

 

So your opening balance was 8599.65 therefore 1/3 should be 2866.55

You paid 176.46 * 14 + 188.46 = 2658.90

Diff to 1/3 = 207.65 (in Moto favor)

 

Total charges to be reclaimed = 12 + 12 + 35 + 35 = 94

Option to purchase fee = 129.57

Total = 223.57

 

So by removing the fees you have IMHO overpaid the 1/3 by 15.92, going by the account opening balance at 14NOV

 

Conversely if we use the 8619.08 1/3 = 2873.03 (1/3) - 94 (charges) - 129.57 (option fee) = 2649.46 - 2659.90 (you actually paid) then you are over the 1/3 by 10.44

 

Were your repayments 176.46 for the duration, i.e 49 months, because this equates to 8646.54 PAID in total

 

Not sure what the 1010 entry on 16Aug is for - did you pay this?

 

I am not an expert but this is what I can gleam from that statement.

 

Irrespective of the 1/3 they took the car from private property which AFAIK is a big no,no without a court order

 

HTH

 

G

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