Given the lack of financing options, the savings plan For a long time it became practically the only tool available to buy a 0 km car in installments. But since these are adjusted according to the list price at the time of payment, many had problems moving forward. The question arises: When do I get the money for the fees back?
The answer will depend on the situation of each member of the group, since it is not the same whether or not they removed the vehicle. And there is also a difference if he resigned from the plan or stopped paying for it.
When a person enters into a savings plan contract for the purchase of a 0 km vehicle, you pay your monthly fee by generating the contribution to a group so that they can allocate cars for each one month by month.
In practice, for example, if a member bid or was drawn, presented the papers and then awarded the vehicle, they will not be able to stop paying their fees. And if he does so, he will face a claim from the plan administrator or the lienholder to pay the owed fees.
Even, on some occasions, these claims become judicial files. with car auction to pay the entire debt plus all court costs.
I can’t keep paying
The situation is very different if the adherent did not award the vehicle and stops paying the installments. In these cases, two different situations can occur.
One is early resignation, that is, when at some point during the installments the person decides not continue with the contract and inform the administrator of your decision. In these cases, it is important to always give notice and check that this has been done in the plan system to prevent the administrator from trying to charge an additional fee.
The other possibility is that the person has stopped paying without notifying anyone. In this case, if several months go by without paying, the administrator will cancel the contract due to these delays and then charge you a fine for the late payment.
Therefore, the answer to the initial question is that in cases where the vehicle was not removed yes you can request payment of the fees paid to which the corresponding amount will be deducted according to the specific case of the adherent and the group.
It is always advisable to read the entire contract before becoming a member of a savings plan.Another important question is when you can request payment of what you contributed. In these two cases in which the member stopped paying the plan dues due to resignation or unsubscribed due to late payment, we must wait for the rest of the group’s dues to finish.
What must be kept in mind is that the plan administrator will carry out a settlement of the amount of fees paid by the subscriber and will deduct the fine for waiving along with the deferrals that have been made. This is going to be done when the whole group finishesthat is, when the last payment of the plan is completed.
The administrator must make the payment once the liquidation has been carried out and if it does not do so, the corresponding intimations and claims may begin.
It is made clear that the specific case must always be evaluated and this note does not imply advice on the specific situation but rather general guidelines.
