Cancelling a credit agreement

[solo]

Hi oh learned one's.
Buying a new car. Was in dealers Tuesday agreed figures and agreed to take their finance. In the meantime, circumstances changed and wife decided that she wanted to arrange finance through our bank.
Bearing in mind, that I signed on the premises, am I likely to encounter any problems if I try to cancel. We still want the car, just not their finance.
I'm trying to research this on my phone at work and I'm struggling a bit so any help would be appreciated.
TIA

 

[Diyisfun]

http://www.netlawman.co.uk/info/cancelling-credit-agreement.php
extracts:

Cancelling before payments are made:

•If you have signed a credit agreement and you want to cancel it you can do so within a certain period of time as long as you did not make the deal over the phone and you did not sign the agreement at the seller's shop, office or workplace, (this can include an exhibition stand). Therefore if you signed the agreement in your own home you will be able to cancel after you have signed the agreement
------------

When can I cancel?

Under the Consumer Credit Act 1974, certain credit agreements can be cancelled provided there were face-to-face negotiations before the agreement (the place where these took place is immaterial) and you didn't sign the agreement on the trade premises of the creditor or supplier (for example, you signed at home or in your office).


However, there are certain conditions:
•You must cancel in writing;
•You must cancel within five days after you receive the second copy of the agreement, which the creditor is obliged to send you. After these five days, your right to cancel is forfeited.

or here
www.citizensadvice.org.uk/can_you_cancel_it_final.pdf

 

[chapeau]

Call them up and tell them. If they aren't reasonable (i.e. tear it up) cancel the direct debit and tell them you don't want the car anymore. Although they make a few quid on the finance they aren't going to want to lose the sale of the car. Even if they did take you to court they could only get back their losses which would be reasonably small seeing as you never took the car.

 

[solo]

Thanks for the quick replies. Suppose I'd better just pay them a visit and see what they say.
Don't know if it will go in my favour, but I never received any paperwork to take away with me concerning my rights or their T&C's.
Will post to let you know how I got on.
Thanks again.

 

[solo]

Rang them up and they're were fine. I suppose a sale is a sale in this day and age.

Thanks for the replies.