Hire Purchase - Voluntary Termination

gavman99

Hi....i know theres been a lot of threads about this in relation to cars bought on HP where you can hand it back after you pay 50% of the total amount, but I'm wondering if the same thing can be done for a sofa ?

I can't find my original paperwork to check. We bought a sofa from Reid Furniture in Scotland. The finance was done through a company called Edge. It was a free for a year, then 0% interest for the next 3 years.

Does anyone know if the "pay 50% then hand it back" would apply here ? I figured I would ask before I contact them and make a fool of myself.

Thanks, Gav.

wealdroam

gavman99 wrote: »

Hi....i know theres been a lot of threads about this in relation to cars bought on HP where you can hand it back after you pay 50% of the total amount, but I'm wondering if the same thing can be done for a sofa ?

I can't find my original paperwork to check. We bought a sofa from Reid Furniture in Scotland. The finance was done through a company called Edge. It was a free for a year, then 0% interest for the next 3 years.

Does anyone know if the "pay 50% then hand it back" would apply here ? I figured I would ask before I contact them and make a fool of myself.

Thanks, Gav.

Well, here is a thread on CAG that says "yes you can".

jonnyd281

Are we talking about a living room sofa here or is this a make of car I haven't heard of? I would have thought your finance on a sofa would be a loan not an HP agreement.