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Originally Posted by Bemused I too have been strung up by this company. I am in the final year of a 3 year lease originally with Arrow Hire then PWH. I paid 6 payments up front and only realised something was wrong last Friday when I noticed my tax disk had expired at the end of May. I had only received an invoice from them that morning acknowledging my most recent payment which is of course prepay so should last me till the end of June. I tried calling but the line was dead and so visited the website which gave a different number which happens to be the HCS company that other people have mentioned on this forum. I was told by them that PWH have gone into liquidation and that someone will be in touch with me to arrange collection of the car. I was then sent a list by HCS who have an email address of hiracar.co.uk showing what cars are available to lease with them on a 5 year lease and more up front payments. As of yet I have had no contact concerning the car collection but does anyone know where we all stand with this situation. We would be legally bound to pay the full term of the lease if we defaulted so what about the money we have paid out especially the initial 3 or 6 months you have to pay at the beginning are we entitled to claim for this money back does anybody know ? |
Hi Bemused,
How have they been taking your payments?
This company ceased trading & failed to notify you.
Their bank accounts should have been ceased as soon as they became insolvent & if they have failed to do this they are in a lot of trouble. If they have been taking your payments by credit card then you should contact your credit card supplier & explain that these payments should have stopped back in Jan/Feb & demand that they refund the money. If it transpires ( as I expect it will) that the new company has been taking your money then you have them over a barrel.
If on the other hand you have been paying by direct debit then you are covered by the direct debit guarantee scheme & your bank must refund this money which should not have been taken from your bank by a defunct company.
Should anyone attempt to repo the car then inform them that you have a contract to keep the vehicle & they will have to go to court to get it returned (it will put you in a good position to try & get your money back. As long as you have the car - if they get it back you have no chance). If they do show up I would suggest you stick the car in a garage somewhere as Arrowhire always kept a spare key so they could snatch cars back when they wanted to (not legal but they did it anyway).
If you had a purchase option on the lease it would probably be worth your while to make a very low offer to purchase the car (if you want to) as the primary finance company (Probably the Alliance & Leicester) wont really want the car back or the hassle of dealing with you.
Hope this helps