|
|
 |
 |
FORUM |
|
> Browse and post on our forum |
|
|
|
 |
|
 |
|
Note: You must be registered in order to post a reply.
To register, click here. Registration is FREE!
|
| T O P I C R E V I E W |
| Mr.B |
Posted - 05 April 2012 : 10:27:50
I hired a vehicle in 2008 and returned it in 2010 with five months left on my contract. It was a hire purchase with an option to buy. The company has now sold the vehicle and are claiming i need to pay the difference between what they sold the vehicle for and what it is worth. Should'nt I be liable for just the last 5 months ? |
| 1 L A T E S T R E P L I E S (Newest First) |
| Melanie.n |
Posted - 05 April 2012 : 14:47:29
Hello thre, and a warm welcome to the forum.
Unfortunately your finance company has the right, if a vehcile is returned, to insist you pay the outstanding balance due under the agreement which will include the costs of the sale etc of the vehicle, minus any sale proceeds of the vehicle, bearing in mind that the vehicle will more than likely be sold for far lower than the market value at an auction
Hope this helps, Melanie
Melanie Nicholas CertDR
30+years insolvency experience - 23 of which in the Insolvency Service and the past 8 years with a number of IP firms.
If I can be of any help to you in any way or answer any queries, concerns or worries you may have, or with completing the forms for bankruptcy, please do not hesitate to get in touch -I can be contacted via the experts tab
|
|
|
| bankruptcyhelp.org.uk Forum |
© bankruptcyhelp |
 |
|
|
|
|
 |
|
|
|
|
|
