What are my rights to bring an end to my finance agreement.

sw8lk3r

In Feb’ 2017 I bought a brand new Nissan Navara on a 4 year deal, I’ve made 39 of 48 payments. I’ve had nothing but Problems with it with endless trips back to the dealership’s garage incurring a loss of earnings. A comment has been made to me that due to the poor quality of the vehicle I am able to exercise a consumer right to sell the vehicle back to the dealership prematurely. Can anyone point me in the right direction to the information to back this up? 

Thank you for taking the time to read this. 

DCFC79

sw8lk3r said:

In Feb’ 2017 I bought a brand new Nissan Navara on a 4 year deal, I’ve made 39 of 48 payments. I’ve had nothing but Problems with it with endless trips back to the dealership’s garage incurring a loss of earnings. A comment has been made to me that due to the poor quality of the vehicle I am able to exercise a consumer right to sell the vehicle back to the dealership prematurely. Can anyone point me in the right direction to the information to back this up? 

Thank you for taking the time to read this. 

Is it HP, PCP ?

 Your contract will detail your options, I cant see your contract but you might have the option to VT the vehicle.

sw8lk3r

Thank you for your reply. On the agreement it states ‘Lease purchase’ what does VT mean? 

bris

VT, voluntary Termination where you can hand back a vehicle once you have made 50% of the cost.

Being a B2B contract may prove trickier though as you have no consumer rights, which was wrong anyway, dealers dont have to just buy back vehicles.

The important info you are looking for is in your contract, read it carefully.

ssparks2003

You mention loss of earnings, and as this is a pick up is this a commercial vehicle? 

born_again

Post in motoring section will find better knowledge of what you are aksing.

sw8lk3r

ssparks2003 said:

You mention loss of earnings, and as this is a pick up is this a commercial vehicle? 

It is yes. It’s on the books of our limited company. 

It is yes. It’s on the books of our limited company. 

davidmcn

sw8lk3r said:

ssparks2003 said:

You mention loss of earnings, and as this is a pick up is this a commercial vehicle?

It is yes. It’s on the books of our limited company. 

Then you don't have any consumer rights. You're a business, not a consumer.

JJ_Egan

Then its a business to business contract .Not Consumer Rights .

As said read your T&C .