Alphera car loan

chanz4

Apples2 wrote: »

No idea but if the contract was still valid. You could have VT'd the car and walked away.

The contract is broken at the first missed payment though which is bad news in this case.
None of the contract terms are valid any longer.

Only if it was a regulated agreement, it was over £25k

Apples2

chanz4 wrote: »

Only if it was a regulated agreement, it was over £25k

To clear that up in my own mind, OP has made 39 of 43 payments and has paid £21k.
The total payments therefore most likely come in under £25k for the financed (monthly payment) part.

Is the balloon payment included as part of the financed agreement, therfore pushing it well over £25 to make it unregulated?

~Brock~

If it's unregulated then why would a return of goods hearing be taking place?

angelbuduk

The agreement is for over 25k - it states if I have paid over a third a return of goods hearing would be needed to repossess the car.

Apples2

Can I ask what you are hoping to happen?

Seems odd to fight for some kind of payment plan to catch up on arrears when the balloon (which you don't have) is only a few months away.