The banks made numerous mistakes in fulfilling their information obligations and in creating the revocation information. This includes, for example, incorrect information about the right of withdrawal.
The mistakes can be extremely diverse. This makes it even more difficult for a layperson to identify them, since the contract appears to be legally secure at first glance. Hardly any consumer will know exactly which mandatory information must be included, how extensive it must be and what formulation requirements there may be. We will check your contract for errors and tell you honestly and personally whether you can still cancel your contract.
Missing or incorrect mandatory information means that a car loan can still be withdrawn. The so-called cancellation joker has been a mass phenomenon in real estate loans in recent years. At that time, the “perpetual right of withdrawal” in the event of incorrect cancellation instructions led to tens of thousands of consumers withdrawing overpriced loans and taking out new ones at favorable loan terms. Many courts up to the Federal Court of Justice decided in favor of the consumer. A similar scenario can also be expected for car loans. Another effect of the termination in real estate contracts is that the prepayment penalty, which is payable regularly upon termination, is no longer applicable.