SPENCER BROWN

Unregulated Lease Purchase Agreement

This is because unregulated financing agreements are also sold to motorists who finance vehicles worth more than $25,000. The lease-sale or lease-leases are the same, the difference being that the purchase in leasing can offer lower monthly payments by incorporating a final payment (sometimes called balloon payment). This is a larger payment due at the end of the lease. The objective of this figure is to reduce monthly payments compared to regular rents. The agreement is either regulated or unregulated under the Consumer Credit Act. Unregulated car financing is covered by the Consumer Credit Act of 1974 and prematurely terminates their auto financing contracts, partially replaces the vehicle or charges the full value with heavy penalties. We can only accept partial debit payments. If you wish to partially settle your financial contract, please contact our customer service. You can settle the contract at any time if the balance is in default, including balloon payments (if any) paid to the lender. The lender may give the customer a discount on the remaining interest on the agreement. However, if the contract is governed by the Consumer Credit Act, the minimum rebate is set by law. As of 1 February 2011, the European Consumer Credit Directive (ECCD) gives customers in the ECCD settings the right to opt out of their financing agreement by paying the amount financed.

If you wish to terminate your financial agreement, be sure to contact us within 14 days of signing the financial agreement (except on the date the agreement was signed). Contact customer service. High exit fees for unregulated agreements may correspond to unpaid interest or, in some cases, a levy of up to 5% on the balance. All the agreements covered by the European Consumer Credit Directive have the possibility of partially settling their account, i.e. if you can pay again to reduce the outstanding financing. For the duration of your contract, you are able to pay in part as many times as you like. To discuss the possibility of a partial count, please contact our customer service. There is no penalty if you want to settle part of your agreement. To discuss the possibility of a partial count, please contact our customer service. An unregulated agreement offers less flexibility with regard to overpayment and has less obligation to explain the contract accurately to the tenant. Overall, it is a much more relaxed, less regulated environment, with more advantages over the lender. Click here to view our return standards if you have not exceeded the 50% mark, you must make a wrong payment that we can charge for you.

You cannot use the vehicle as soon as you inform us in writing that you wish to voluntarily terminate your contract. You must ensure that the vehicle is insured until it is recovered. When picking up your vehicle, you must also return your keys (including the spare key), the full service history and the V5 registration document; Otherwise, there may be additional costs. Once your agreement expires, your credit file will be updated to show a voluntary termination. This information stays in your credit file for up to 6 years, which can also be accessed by other lenders. If you would like to discuss this in more detail, please contact customer service.

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REP   ACTING: VLA     VO: SUE TERRY VOICES    LIT: RICHARD SCRIVENER

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