If you use this service in public, make sure that personal information is not disclosed to those around you. After 3 minutes of inactivity, Sessions will benefit from a downtime to ensure the protection of your personal data. This service can only be used by the signatory of the contract. The holder of the financial contract account must be the registered holder of the vehicle and be fully insured. How soon can I accept my Ford Options contract? If you have a personal lease (PCH) or a car rental agreement, it is much more difficult to get out of the contract before the end. Section 99 of the Consumer Credit Act 1974 determines when you can voluntarily terminate a lease-purchase (HP) or a personal purchase (PCP). It includes both new and used cars. The law is designed to protect people who have entered into a financing contract but, at some point, could no longer afford their monthly repayments. This can happen for a number of reasons, z.B.
if you lose your job or if you have another change in financial situation, which means you cannot pay for your auto financing contract. While, as has already been said, the legislation covers both the PCP and the HP, the two types of funding agreements differ slightly in their operation. Maybe you want to end your PCP deal prematurely and keep the car. The annual mileage is agreed according to your individual needs at the beginning of the funding agreement. It allows Ford Credit to assign the vehicle a guaranteed minimum value for the future/optional final payment (GMFV) and thus calculate monthly repayments. We will contact you before the end of your Ford Options agreement to make sure you have enough time to decide which option is right for you. You can also view your contract details by logging into your Ford credit account. You can also click here to order a copy of your financial contract if you can`t find your original.
If you have not repaid 50% of the total amount of financing, you can still terminate the agreement prematurely by paying the difference. “Voluntary surrender” should only be considered in draconian circumstances.