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Delboy67

Cancelling voluntary termination agreement

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Hi

I used my right voluntary terminate a conditional sale on a vehicle, but after doing so, I wished to change my mind

 

I asked if I could set up payment plan instead, they flatly refused, well because of the covid-19 outbreak,

 

they were supposed to collect the vehicle on the vehicle on March 14th but they sent me an email saying they could not collect the vehicle at this time and could I please keep the vehicle taxed, mot'd and insured, the mot had run out in February,

 

I had to change the insurance to my wife's car,

I am disabled so have cancelled the tax as I have also put this on my wife's car,

 

they want me to keep the vehicle until the outbreak of covid-19 is over, which could be months, they could charge me for the vehicle as it would have been sitting without being used for over 6 months, I have decided to charge the finance company storage charges at £10 a day,

 

Can I legally do this as it is not my fault they couldn't collect the vehicle, I know it's not their fault either, but I did offer to make half the payment a month, and they refused, also will the vehicle still show on the hpi register as being on finance.

 

Many thanks. Darren

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Welcome to CAG

 

I have moved your topic to the appropriate forum ..please continue to post here to  Vehicle Finance and Vehicle Repossessions Forums.

 

Andy


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Who?

Why not sorn it. Then you don't need finance, ins, mot etc for now??


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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I have sorned it, uninsured, but I would like to keep the vehicle,

it's only while this Corona outbreak that I can't afford the full payment,

 

I panicked and voluntarily terminated the agreement, and regretted it, so I mainly want to know if it can be reversed. 

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who please?

and how did you VT by our letter?

 

how far in are you with the agreement payments?

 

 


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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I was 7 months into the agreement plus the deposit I had put down,I did the vt by email. 

 

Moneybarn 

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7mts and you are VT'ing.??

how many months was the agreement ....48!!??

surprised they agreed

 

as for MB i'd dump them at all costs.

terrible company.


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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So can I reverse the termination or not.?

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can't see why not.

I expect they'd love to fleece you blind by making you pay 3 times the market value of the car. and all their unlawful penalty fees too.

 

pers i'd dump them at all costs.

 

just read a few horror stories here

 

https://www.consumeractiongroup.co.uk/forum/314-moneybarn-issues/


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Much appreciated 

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