In the first weeks of September, the European Court of Justice (ECJ) made a clear ruling in favour of credit consumers in Germany. But if the credit agreement has the kinds of defects the ECJ mentions, it essentially means that the two-week withdrawal period never starts. People who’ve bought a car on credit in Germany may be able to get out of their contract – even after several years. For these people, escaping an awkward credit agreement could be a huge relief. Speaking to Tagesschau, attorney Andreas Paul said he believed that, in the vast majority of cases, ending the credit agreement should be far more lucrative than selling the used item on.

Source: The Local September 22, 2021 09:22 UTC