Pre Contract Agreement Car Finance
What happens if your financing is arranged by the dealer where you buy your car and you discover that the dealer has sold you a car that does not match the logbook? If the merchant refuses to help me, what will happen to the financing? Am I still responsible for payments? Can I return the car to the financial company? The repayment plan provided to the borrower at the time of the conclusion of the loan agreement is indicative. This means that the amounts and composition (sum of principal and interest payments) of the planned payments, as well as the balance of the loan, may in fact differ from what is indicated in the repayment plan, depending on the date of repayment of the loan and the actual dates of the payment collection. It is important to remember that the voluntary termination of your car financing contract will not be refunded. So if you paid 65% of the total amount of financing, you will not have repaid the 15% more you paid. For most regulated credit contracts, companies are required to provide this information in a format that covers the main features of the proposed credit contract. The format is prescribed by the Consumer Credit Directive and defined in the Consumer Credit (Disclosure of Information) Regulations 2010. It is known as the European Consumer Credit Information Form (SECCI). If the amount of the loan granted to you under your agreement does not exceed $60,260, you have the right to terminate the credit contract by terminating the financial company orally or in writing before the expiry of 14 calendar days from the day following the day in question. Interesting and informative articles.
However, I am concerned that the dealer or the financial company could change the terms in the middle of a funded agreement. Of course, I would do everything in good faith, but I fear that an impending recession will lead these companies “on the other side” of the agreement to amend the agreement to protect themselves/complain. Is it possible or can I even dare to behave in this way? Hello since I take into account the self-financing at 11,000 my credit score is 800, but I have defaults on my score due to phone bills, although the balances are all settled and I have not recently missed the payments, I also started my new full-time job in the last week, although it was only 2 weeks ago that I left my other job, which was part-time, there was about a 2 month gap in my job over the last 3 years, which you think of my chances of being accepted, because the 3 hour drive car from which I am resident would be nice for feedback.