car h/p

[dexter7]

I hope someone can help me here!! I bought a car on h/p two years ago (i took it out over 4 years) i handed the car back after 2 years., but i took out gap insurance with it and thought that it would be cancelled when i handed the car back, but the h/p company say that this cannot be cancelled and they will take me to court for the oustanding balance ! can anyone tell me if this is correct? thanx!!!

[Oneeyedvic]

Firstly, GAP insurance is only applicable for cars when they are written off - not for Voluntary Terminations.

Secondly, The time factor (2yrs of a 4 yr agreement) is irrelevant. You can only Voluntary Terminate after you have paid half the total amount (including deposits etc) - this is called the halves rule and would have been printed on the document.

[djhammer]

hi i have the same problem as you have just want to know if you got it sorted if so can you please tell me what happend ,what the out come was thanks