Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Half rule Bmw finance query - handing back car

  • 16-04-2015 11:11am
    #1
    lostsoul01
    Registered Users, Registered Users 2 Posts: 31 ✭


    Hi everyone I am just over my half way with Bmw finance and want to hand the car back under the half rule agreement. I have paid enough and contacted BMW finance to find out what I need to do. I told them I was not voluntarily surrendering the car and that I was fully aware of my rights. They sent me out documentation including a "voluntary termination notice" form which they want me to sign and send back. Since then someone has advised me I should not sign this and to just send a letter to them instead that this form is for voluntary surrender.. Anybody ever done this before? I do not want to be penalised or have bad credit rating.. I need some advise as I really don't know what step to take next! Thanks know advance


Comments

  • #2
    Tails142
    Registered Users, Registered Users 2 Posts: 2,119 ✭✭✭Tails142


    Read this http://m.independent.ie/business/personal-finance/new-car-the-lure-of-ownership-could-cost-you-a-pretty-penny-31135292.html

    Was in the paper recently, says voluntary surrender will leave you liable for the remaining balance due.


  • #3
    lostsoul01
    Registered Users, Registered Users 2 Posts: 31 ✭lostsoul01


    Thanks for that. I know that I am fully entitled to hand the car back according to the half rule in higher purchase agreement. I'm paid up to date and they have confirmed that I am past half way. My query is the forms they sent me are the separate to voluntary surrender forms? Should I just send them a letter and not sign these voluntary termination forms? Thanks


  • #4
    ohnonotgmail
    Registered Users, Registered Users 2 Posts: 40,638 ✭✭✭✭ohnonotgmail


    lostsoul01 wrote: »
    Thanks for that. I know that I am fully entitled to hand the car back according to the half rule in higher purchase agreement. I'm paid up to date and they have confirmed that I am past half way. My query is the forms they sent me are the separate to voluntary surrender forms? Should I just send them a letter and not sign these voluntary termination forms? Thanks


    i think this covers what you need to know

    http://www.consumerhelp.ie/car-finance-debt


Advertisement