Hire Purchase Agreement Options?

[Mr Government]

Hello,

 

I have a friend (female) who is in a bad relationship and wants very much to walk away from it. Unfortunately, as a single mother of 2 young children, she struggles financially. Last year when her car became to uneconomic to repair, her partner pursuaded her to take on a HPA for a new car. All the legal side of things are in her name, but he pays the monthly installaments. She feels like this HPA is a huge anchor keeping her in a relationships that she hates. She cannot afford the monthly payments on her own, and is desperate to find out if there is anything she can do.

 

I know nothing about HPA contracts, but i did know about a great forum to ask.

 

I have attached 2 photos of the front page of the HPA, 1 is a close up.

 

Can anyone please advise if their is any way out of this that isnt going to cost a lot? or, is she essentially stuck with this contact and monthly commitment?

[AndyOrch]

You need to covert your uploads to PDF MR G...too small to read in jpeg.

 

Andy

[Mr Government]

grrr, cant see an attachments link!!!!

[AndyOrch]

Just re upload them...attachments unapproved.

[Mr Government]

aha! attached

[AndyOrch]

Leave it alone....he is paying...she enjoys the car....if he decides to stop payment she has a problem.

 

Andy

[Mr Government]

I need more than that. The moment this relationship ends, he stops paying.

 

She needs to know what is the least expensive way out of this? Can anybody advise any way of terminating this agreement that does not result in a £4000 fee

[dx100uk]

voluntary termination.

 

 

if the car is in good nick all that will be required to be paid will be the stated 50% mark.

 

 

dx

[theoldrouge]

As DX says you can VT at any stage but must do so using s99/100 cca 1974

 

At the moment you have paid approx £1550 inc the deposit

 

and would need to pay approx £2550 post termination ( which you can agree to pay by instalments)