AWant to know if a PCP can be cancelled by you or HP agreement early? A look is taken by us at your legal rights of voluntary termination.

AWant to know if a PCP can be cancelled by you or HP agreement early? A look is taken by us at your legal rights of voluntary termination.

Under UK legislation the right is had by you to cancel particular kinds of motor finance agreements early.

This can be called voluntary termination, and it is not to ever be confused with voluntary surrender – that will be different things and most readily useful prevented.

Understand your legal rights to voluntary termination

Part 99 regarding the credit rating Act 1974 sets out the circumstances by which you can voluntarily end a regulated hp or pcp agreement. It covers both brand brand brand new and cars that are used.

What the law states will there be to aid protect individuals who have applied for a finance contract, but at some time became struggling to pay for their month-to-month repayments. Continue reading “AWant to know if a PCP can be cancelled by you or HP agreement early? A look is taken by us at your legal rights of voluntary termination.”