Car Finance Reclaim

ackl2020

I purchased a Hyundai IX35 from Arnold Clark in September 2016 who sold me the PCP which I complained to them then to the FCA as the mileage they had written on the agreement was not the one I told them but nothing happened as I signed the agreement. Arnold Clark used Northridge.

Months after that, I changed car in June 2017 as my partner and I separated and I purchased another second hand car, a Jeep Cherokee from Oldham Motors and they used Black Horse which incorporated the finance from Northridge with Black Horse.

In less than a year after changing to the Jeep Cherokee, I fell ill, unable to pay the finance so the finance company took the car back.

So my question is, can I still submit a car finance reclaim with Northridge and Black Horse and what if the finance company chase me for the finance payment?

Nasqueron

ackl2020 said:

I purchased a Hyundai IX35 from Arnold Clark in September 2016 who sold me the PCP which I complained to them then to the FCA as the mileage they had written on the agreement was not the one I told them but nothing happened as I signed the agreement. Arnold Clark used Northridge.

Months after that, I changed car in June 2017 as my partner and I separated and I purchased another second hand car, a Jeep Cherokee from Oldham Motors and they used Black Horse which incorporated the finance from Northridge with Black Horse.

In less than a year after changing to the Jeep Cherokee, I fell ill, unable to pay the finance so the finance company took the car back.

So my question is, can I still submit a car finance reclaim with Northridge and Black Horse and what if the finance company chase me for the finance payment?

To be clear - do you owe money from the finance company taking it back i.e. you were under 50% of the deal so couldn't VT it? If they wrote off money then a potential refund could be offset against the debt depending on how it was structured, it's not unheard of 

You can still register your interest for the DCA thing though, it can't reactive an old debt if it has been written off or closed (though note as above, the firm can offset if there was a direct link i.e. the firm that pays a refund was the one owed the money)

Keep in mind DCA will be going on for at least a year or two while the FCA and courts deal with it