Failing to cancel Lex Auto Lease agreement

ldare2020

Hi All

At the end of 2019 I ordered a Mercedes GLB via Lease4Less who are brokers who supplied lease credit via Lex Auto Lease.
The cat still hasn't been delivered due to Covid19 and we don't actually want the car now as our finances are crippled as we have two holiday let properties which have failed to generate any income in 2020.

Lease4Less aren't being helpful saying they can only delay the order. I said we'd have to delay until at least summer 2021 but no reply to multiple emails since. Lex Auto Leaseing have totally ignored us. 

To date we have paid Lease4Less £199 admin fee which I don't want to loose but would loose it to get out of this mess. Lease4Less less suggested the penalty would be similar to handing the car back early however it hasn't even been built.

Any advice would be most welcome. 
Also is my legal contract with Lease4Less or Lex Lex Auto Lease?
Thanks 
Louis

Thrugelmir

Read the paperwork you signed. That will explain what you committed to and what the cancellation charges will be. The fact that you haven't received any bookings for your holiday lets is of no consequence to the leasing company. 

sharpe106

when was the car meant to be delivered?

ldare2020

Thrugelmir said:

Read the paperwork you signed. That will explain what you committed to and what the cancellation charges will be. The fact that you haven't received any bookings for your holiday lets is of no consequence to the leasing company. 

Don't they have a responsibility to demonstrate responsible lending? As the build has been significantly delayed (Mercedes are producing PPE not cars at this time) and my credit score is totally different to 6 months, I can't believe there isn't anything in my favour?
Kind Regards 
Louis

ldare2020

sharpe106 said:

when was the car meant to be delivered?

I don't know if I initially had anything confirmed as the Mercedes GLB is new and I bought before they were released but verbally I was told expect it in April. Then I was given a build date of 4th June. They won't confirm if that is still live, however as Mercedes have closed their production lines to produce PPE so there must be a big back log.

DCFC79

ldare2020 said:

Thrugelmir said:

Read the paperwork you signed. That will explain what you committed to and what the cancellation charges will be. The fact that you haven't received any bookings for your holiday lets is of no consequence to the leasing company. 

Don't they have a responsibility to demonstrate responsible lending? As the build has been significantly delayed (Mercedes are producing PPE not cars at this time) and my credit score is totally different to 6 months, I can't believe there isn't anything in my favour?
Kind Regards 
Louis

You must mean credit history as that is what lenders, banks etc see, your score is seen by you. 

ldare2020

DCFC79 said:

ldare2020 said:

Thrugelmir said:

Read the paperwork you signed. That will explain what you committed to and what the cancellation charges will be. The fact that you haven't received any bookings for your holiday lets is of no consequence to the leasing company. 

Don't they have a responsibility to demonstrate responsible lending? As the build has been significantly delayed (Mercedes are producing PPE not cars at this time) and my credit score is totally different to 6 months, I can't believe there isn't anything in my favour?
Kind Regards 
Louis

You must mean credit history as that is what lenders, banks etc see, your score is seen by you. 

I think you have missed the point.......

Thrugelmir

ldare2020 said:

Thrugelmir said:

Read the paperwork you signed. That will explain what you committed to and what the cancellation charges will be. The fact that you haven't received any bookings for your holiday lets is of no consequence to the leasing company. 

Don't they have a responsibility to demonstrate responsible lending? 

You declared your income when applying for the finance. Loss of income is a risk everyone takes. Individuals have to accept responsibility for putting aside reserves, i.e. savings in the good times to tide them over. Likewise your choice to lease such an expensive vehicle. 

Galloglass

As mentioned before, go back and get the paperwork rather than relying on what companies tell you. 

Contracts are constructed as a set of instructions which are hopefully clear on the responsibilities of both parties. They will contain 2 items that are relevant here. The first is what happens when one of the parties fails in their obligations. The second is the dispute mechanism. Courts are full of these types of issues every single day.

It appears the car/lease company has breach their contract first by not delivering in a "reasonable" time. So what does it say?

Based on this failure you wish to back out of the deal (not break it) and you have raised the issue and are in dispute, so what does it say you need to do next about that? It will usually be a independent third party. 

Jonesy1977

ldare2020 said:

Hi All

At the end of 2019 I ordered a Mercedes GLB via Lease4Less who are brokers who supplied lease credit via Lex Auto Lease.
The cat still hasn't been delivered due to Covid19 and we don't actually want the car now as our finances are crippled as we have two holiday let properties which have failed to generate any income in 2020.

Lease4Less aren't being helpful saying they can only delay the order. I said we'd have to delay until at least summer 2021 but no reply to multiple emails since. Lex Auto Leaseing have totally ignored us. 

To date we have paid Lease4Less £199 admin fee which I don't want to loose but would loose it to get out of this mess. Lease4Less less suggested the penalty would be similar to handing the car back early however it hasn't even been built.

Any advice would be most welcome. 
Also is my legal contract with Lease4Less or Lex Lex Auto Lease?
Thanks 
Louis

lease4less is a broker, https://www.moneyexpert.com/car-finance/leasing-dealer-vs-broker/#s1  

ldare2020

Thrugelmir said:

ldare2020 said:

Thrugelmir said:

Read the paperwork you signed. That will explain what you committed to and what the cancellation charges will be. The fact that you haven't received any bookings for your holiday lets is of no consequence to the leasing company. 

Don't they have a responsibility to demonstrate responsible lending? 

You declared your income when applying for the finance. Loss of income is a risk everyone takes. Individuals have to accept responsibility for putting aside reserves, i.e. savings in the good times to tide them over. Likewise your choice to lease such an expensive vehicle. 

Is the law different for expensive vehicles?