Car - Mis sold on Boomerang option? Help

Gibbins

Hi, My husband and I bought a car on the boomerang finance deal, you pay for half the car by monthly payments over three years, at the end of the three years you can swap it for a new car and start all over again or simpy hand the car back and owe nothing as the deal guarantees the value of the car.

This ends for us in September next year and my husband went to the car dealer yesterday to see if we can end it earlier. The sales man found out how much we had paid and valued the car and we would owe £105. Great!

We explained that we were either going to buy another smaller car or hand it back, we were told once we had decided just pop down and it was as simple as that!.

My husband went today only to now be told that if we weren't going to buy a car off them we had to get in touch with the finance company settle it off the balance with them and then National Auctions would come and collect the car of which we had to pay the collection fee of £75.

When asked why we could not simply hand the car back, as we were told, we are now told we can't unless we are buying another. This seems wrong, as we were told we could simply hand it back, pay off the difference from what we owed to what the car is worth. On the basis of the advice from the car show room we decided to hand it back, pay the £105 and we have now bought a smaller car. We now have two cars! Does anyone know anything about this? According to the small print on the T&C's we cannot sell the car as it does not belong to us, it belongs to the finance company, therefore we have to contine to pay the monthly finance until September and then hand the car back. This doesn't seem right as the value of the car is £105 less, we will pay it and hand the car back but they say we can't yet we were sold and told we could.

Does anyone know anything about this?

Shimrod

Well you were told you could hand the car back at the end of the three years with no problems, but unless I have misread your post, you want to hand it back nearly one year early.

You will need to have a read of the original agreement you signed when buying the car and see what that says about terminating the agreement early.

Have you had a check to see what the car is fetching if sold privately? It may be worth more to you that way.