If you take out a loan or get a loan for goods or services, you can enter into a credit agreement. You have the right to terminate a credit agreement if it is covered by the Consumer Credit Act 1974. You can resign within 14 days, which is often referred to as “reflection time.” The return of the vehicle to the workshop does not terminate the contract, unless the workshop and the financial company have consented to it. Contact the lender to tell them you want to cancel – this is called “notification”. It`s best to do this in writing, but your credit agreement will tell you who you should talk to and how. If you want to terminate the contract, you must pay the financial company the money you still owe for the car within 30 days. You have 14 days to terminate the credit agreement. Displays the best cards and credits you will most likely get. If you buy a new car under a lease credit agreement, the financial company will pay the garage.