We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Car Finance and Cooling Off
schminky_pinky
Posts: 6 Forumite
in Loans
Hi,
I've seen a couple of other threads with similar stories, but I was hoping someone could give me some specific tips!
I signed a finance agreement application in a dealership today, which appears to mean that I'm not eligible for 'cooling-off' cancellation. Since signing, a family member as offered to pay the remaining capital on the car, rather than see me get stung for high interest (very kind!). What options do I have? I can ask the dealer tomorrow to cancel but I'm not entitled to it. I could contact the Finance company directly (Northridge, part of Bank of Ireland) and probably get my way but this seems unethical!
Any tips? Thanks in advance for anything you can suggest, I'm really stuck!
Chris
I've seen a couple of other threads with similar stories, but I was hoping someone could give me some specific tips!
I signed a finance agreement application in a dealership today, which appears to mean that I'm not eligible for 'cooling-off' cancellation. Since signing, a family member as offered to pay the remaining capital on the car, rather than see me get stung for high interest (very kind!). What options do I have? I can ask the dealer tomorrow to cancel but I'm not entitled to it. I could contact the Finance company directly (Northridge, part of Bank of Ireland) and probably get my way but this seems unethical!
Any tips? Thanks in advance for anything you can suggest, I'm really stuck!
Chris
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards