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 errors can be extremely diverse. This makes it all the more difficult for a layperson to identify them, as the contract appears 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 check your contract for errors and tell you honestly and personally whether you can still revoke your contract.
Missing or incorrect mandatory information means that a car loan can still be revoked. The so-called withdrawal joker has been a mass phenomenon in real estate loans in recent years. There, the "eternal right of withdrawal" at that time in the event of incorrect cancellation policy led to tens of thousands of consumers being able to withdraw overpriced loans and take out new ones at favorable loan conditions. Many courts up to and including the Federal Court of Justice decided in favor of the consumer. A similar scenario can be expected with car loans. Another effect of terminating real estate contracts is that the early repayment penalty, which is regularly payable upon termination, is no longer applicable.