hi i have a car which is going back and received a form to sign from finance co to release the car which is fine.its just at the bottom it says im liable for any shortfall or does this not apply in br as it was included.thanks
just make sure it doesn;t exclude bankruptcy precedings.
Also worth checking to see if it is HP or a fixed sum loan agreement. In HP the finance is secured against the car, while in a fixed sum loan agreement the finance is a personal loan used for a capital purhchase.
hi the car is definately hp its just the wording on the letter says
i confirm that i have been made fully aware of every alternative to remedy this breach and understand that i will be responsible for any loss sustained following the sale of these goods,calculated in accordance with the terms and conditions of the agreement.
i dont feel like i want to sign with this wording.thanks
quote:Originally posted by Reviva UK
Hi
just make sure it doesn;t exclude bankruptcy precedings.
Also worth checking to see if it is HP or a fixed sum loan agreement. In HP the finance is secured against the car, while in a fixed sum loan agreement the finance is a personal loan used for a capital purhchase.
hi i have a car which is going back
Posted - 07 September 2009 : 21:41:01
