• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

Suspicious about finance company's calculation of half "total amount payable"

Collapse
Loading...
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Suspicious about finance company's calculation of half "total amount payable"

    @R0b please help!

    I'm very confused - I have an HP agreement which I would like to get out of as I've moved and am caning the miles. My fault, I know...

    The issue is that the finance company are saying that half the amount payable is £12,993.06 and I can't see how that can be right. I'm exactly 2 years through a 3 year agreement. I've paid £7200 (£300 per month) so they reckon I still have to pay another £6000 ish. That doesn't sound right to me as that would take me well beyond the year I have left!

    The cash price was 24,145 inc vat
    advance payment 7,500
    amount of credit 16645
    charge for credit 1841
    total amount payable 25,986

    half the total amount payable (it says in the section headed "termination") is £12993. Is that right? Shouldn't it take off the £7500 advance payment?

    They are also saying I will have to pay off all of an additional insurance plan valued at £1008.

    Please advise - many thanks,
    Adam
    Last edited by Amethyst; 28th March 2017, 08:08:AM.
    Tags: None

  • #2
    Re: Suspicious about finance company's calculation of half "total amount payable"

    See http://legalbeagles.info/forums/show...r-the-CCA-1974 ( double posted - should move the rest to here really )
    #staysafestayhome

    Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

    Received a Court Claim? Read >>>>> First Steps

    Comment

    View our Terms and Conditions

    LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

    If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


    If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.
    Working...
    X