When an adherent decides to enter a savings planIn principle, it is trying to obtain a 0 km vehicle through financing in monthly installments over several years. For this, the plan administrator, in general, will award one vehicle by lottery and another by monthly bidding.
Once the winner of the draw or tender accepts it, he or she must present the documentation that the savings plan administrator requires.
At that moment it could happen that the winner Only then become aware of the requirements that you have to meet to move forward with the process for assigning the unit and you find that you have to meet some conditions that you cannot or do not want to.
It could also happen that some other unforeseen situation arises and you may even decide not to continue with the savings plan contract.
These situations often arise due to some lack of information when contracting or because the costs of patenting the vehicle were not taken into account when it is ready to be picked up. It could also be due to the lack of compliance with the credit portfolioamong other possibilities.
When the adherent is faced with this situation and does not want to continue accepting the draw or tender, he or she can exercise his or her “right to repent.”
To do this, you must immediately inform the administrator in a reliable manner. This is important because in case of any claim you will be able to have supporting documentation for the decision and the date on which everyone became aware of this.
It is also essential to look at the contract with the administrator to find out if there is any type of fine or administrative expense to keep in mind before making the decision or to see if it is a condition that could be considered abusive.
In cases of bidding, the winning adherent may request a refund of the amount paid for this concept in advance. And if, in addition, you decide to give up the savings plan, you must wait until the end of the entire group to be able to obtain payment for the settlement of the installments.
In conclusion, the member may exercise his or her right to withdraw from the draw or bidding by notifying the savings plan administrator of his or her decision. It is important to keep in mind that you can receive the amount paid for bidding in advance as long as you have reliably notified your decision.
In case of non-compliance with that return the corresponding claims can be initiated according to the contract between the parties plus the legislation that applies to these claims to the administrator.
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.