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Hi, This is my first post on the forum sorry it can't be a contributing factor in another persons problem, hopefully I can do that sooner rather than later.
To cut the story short my girlfriend took out finance from Fiat which was under Guest Motors FIAT at the time before I met her however she's had the car for 33 months this month and is looking to Voluntarily Terminate which isn't a problem, there is approximately £105 left to pay off the VT however added extras have been added on to the VT.
Before we can VT the car they're wanting the following:
£1108 for added extras (including GAP insurance)
£70 collection fee
I have added an attachment with the added extras and the payment structure. For the last 32 months she's been paying £184.89
My question is what does she need to pay exactly? I'm pretty sure that she doesn't have to pay the remaining GAP payment.
The cash back is a £1500 loan she took out at the start for her insurance, from what I read they're saying over the last three years (or just under) that she has just about paid about 50% of the added extra cost so how do they justify that over the next 12 months she would have paid ALL of the loan and the added extras off? It makes no sense to me yet maths isn't my strongest point.
So in order to VT they want the following:
£105 to settle 50% of the value
£1108 for added extras (including GAP)
£70 collection fee
To cut the story short my girlfriend took out finance from Fiat which was under Guest Motors FIAT at the time before I met her however she's had the car for 33 months this month and is looking to Voluntarily Terminate which isn't a problem, there is approximately £105 left to pay off the VT however added extras have been added on to the VT.
Before we can VT the car they're wanting the following:
£1108 for added extras (including GAP insurance)
£70 collection fee
I have added an attachment with the added extras and the payment structure. For the last 32 months she's been paying £184.89
My question is what does she need to pay exactly? I'm pretty sure that she doesn't have to pay the remaining GAP payment.
The cash back is a £1500 loan she took out at the start for her insurance, from what I read they're saying over the last three years (or just under) that she has just about paid about 50% of the added extra cost so how do they justify that over the next 12 months she would have paid ALL of the loan and the added extras off? It makes no sense to me yet maths isn't my strongest point.
So in order to VT they want the following:
£105 to settle 50% of the value
£1108 for added extras (including GAP)
£70 collection fee
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