If you have not repaid 50% of the total amount of financing, you can still terminate the agreement prematurely by paying the difference. If you want to terminate your financing contract and return the car to the company, certain criteria must be met. The first is that you must have repaid at least half or 50% of the total amount. Make sure this is not the amount borrowed, as all interest and flows you have collected must also be included. It is also not a question of paying half of your planned payments per month. I`m on a 13-month lease on an XF jag. I have no problem with payments, but I had terrible problems with adjusting the chassis of the cars. He`s had two major repairs, but it`s still the same. The dealer and Jag say the car is in order. That is not the case. This is the worst car I`ve ever driven in 30 years. The financial company conducts independent tests with the aim of bringing Jaguar and the distributor to justice.
Where do I stand to end this agreement at an early stage? You can terminate your contract and return your car to the financial company as long as I recently sent a letter to Mercedes Finance to terminate my half-rule lease. I received a return letter asking me to sign a voluntary termination confirmation before they gave me an appointment for the pickup. I am very reluctant to sign it, but they said I could not terminate the agreement without signing and returning the letter. Any suggestions? If you have a PPC or HP agreement or if you rent a car, you can cancel your contract prematurely. A financial company will try to delay the process, so that you continue to make payments in the meantime, which means they will be more refunded for their money. You will probably have to do a lot of work. You will continue the monthly payments until the day the contract is terminated, which is why the entire process will be stretched for as long as possible. Hey, Samantha. You must enforce your VT rights in writing, but you do not have to fill out your forms. Voluntary termination is your legal right (provided you have a PPC or HP agreement) and the financial company cannot insist that you complete one of its forms. Hello there, first of all, I can say a big thank you for making available the information on this site. I just got VT`d my agreement with Moneybarn who, to my surprise, asked them no questions or no help.