corsasport.co.uk
  Not logged in [Login - Register]  
You Are Not Registered Or Not Logged In  

Corsa Sport » Message Board » General Chat » Car finance


New Topic
New Poll 		  Subscribe | Add to Favourites

You are not logged in and may not post or reply to messages. Please log in or create a new account or mail us about fixing an existing one - register@corsasport.co.uk

There are also many more features available when you are logged in such as private messages, buddy list, location services, post search and more.


Author Car finance
Norcy91
Member
Registered: 15th Sep 08
User status: Offline
2nd Jul 14 at 08:00   View User's Profile U2U Member Reply With Quote
Does anybody know if you're able to just hand a car back within the first month of the finance starting?
pow
Premium Member

Avatar

Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
2nd Jul 14 at 08:15   View Garage View User's Profile U2U Member Reply With Quote
Check your T's and C's - there might be a cooling off period?
Brett
Premium Member

Avatar

Registered: 16th Dec 02
Location: Manchester
User status: Offline
2nd Jul 14 at 08:49   View Garage View User's Profile U2U Member Reply With Quote
Lol
Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
2nd Jul 14 at 09:18   View User's Profile U2U Member Reply With Quote
What you handing back pmsl
Steve
Premium Member

Avatar

Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
User status: Offline
2nd Jul 14 at 09:36   View Garage View User's Profile U2U Member Reply With Quote
Your mum
Norcy91
Member
Registered: 15th Sep 08
User status: Offline
2nd Jul 14 at 10:05   View User's Profile U2U Member Reply With Quote
It's not me handing anything back, someones come to me for advice. Don't have any documents to hand, can't get them either as they're locked in someones house. It's approaching one month since they bought it, so if they have like a 28 day cooling off period, I'd need to find out ASAP! Think i'd be able to get a copy of the T's and C's from the dealership when it's not my car?
Ian
Site Administrator

Avatar

Registered: 28th Aug 99
Location: Liverpool
User status: Offline
2nd Jul 14 at 10:08   View Garage View User's Profile U2U Member Reply With Quote
I'd be doubtful its a whole month, 14 days is the norm I think.

T&C are peculiar to that particular contract so you can't really take general advice.
Norcy91
Member
Registered: 15th Sep 08
User status: Offline
2nd Jul 14 at 10:11   View User's Profile U2U Member Reply With Quote
Ok, well i'll have to look into it, but all i've read online seems to point in the direction of 14 days. Cheers
nathy_87
Member
Registered: 14th Aug 08
Location: West Mids. Drives: Škoda Fabia VRS 5J
User status: Offline
2nd Jul 14 at 11:21   View User's Profile U2U Member Reply With Quote
SRSLY?
Norcy91
Member
Registered: 15th Sep 08
User status: Offline
2nd Jul 14 at 12:08   View User's Profile U2U Member Reply With Quote
love how most people jump straight on their high horse without knowing the full story! Luckily there are people like Pow and Ian that are willing to give helpful advice on this site!
Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
2nd Jul 14 at 15:36   View User's Profile U2U Member Reply With Quote
Ours is 14 days and then half way through the finance agreement you can hand the car back and walk away without any penalty.
DaveyLC
Member
Registered: 8th Oct 08
Location: Berkshire
User status: Offline
2nd Jul 14 at 16:59   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Norcy91
without knowing the full story!


Do tell ...

#caughtupinthemoment
taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
3rd Jul 14 at 18:46   View User's Profile U2U Member Reply With Quote
Dont see the issue even if it was him?
corb
Member
Registered: 24th Apr 02
Location: Calgary, Alberta, Canada
User status: Offline
4th Jul 14 at 06:02   View User's Profile U2U Member Reply With Quote
The first 14days isn't to be able to just give the car back. The car is yours. you bought it. The first 14days is to enable you to withdraw from the finance agreement, i.e. pay the finance off in full with no charges. This would be the case if you decided to use your own savings or a bank loan instead.

What you will more likely find in the t's & c's is the Voluntary Termination clause. This enables you to hand the car back to the finance company once you have paid HALF THE TOTAL AMOUNT PAYABLE. The total amount payable will be on your 'SECCI' (pre contract credit information) as well as on your copy of the actual agreement.

 
New Topic
New Poll

Corsa Sport » Message Board » General Chat » Car finance 22 database queries in 0.0093122 seconds