Final judgment against Mercedes-Benz Bank on the joker of cancellation

19.10.2022 – 13:15

Hahn Rechtsanwälte PartG mbB

Hamburg (ots)

In its current judgment of 9 September 2022 on file number 19 U 309/21, the Higher Regional Court of Frankfurt am Main has decided that a customer of Mercedes-Benz Bank AG can use the so-called revocation joker to recover all interest paid on the its the financing of the vehicle and the expenses for an insurance policy stipulated can. In this specific case, this amounts to a payment of EUR 2,850.16 plus interest, which the plaintiff represented by HAHN Rechtsanwälte can now look forward to. Because the judgment is already final.

In October 2018, the chosen actor concluded a loan agreement for a total amount of € 49,350.16 to finance his car. After consulting his lawyers, he exercised his right of withdrawal in mid-2020, citing errors in the contractual documents. “Meanwhile, the European Court of Justice has ruled that the mistakes made by Mercedes-Benz Bank in its forms mean that the cancellation period has not yet begun,” explains Hamburg lawyer Christian Rugen von HAHN Lawyers.

The Higher Regional Court of Frankfurt am Main has ruled that Mercedes Bank has not adequately fulfilled its legal obligation to provide information on the right of withdrawal pursuant to Section 495 (1) BGB. The actor had even sold the vehicle. According to the High Regional Court, even this circumstance does not change anything about the possibility of annulment through revocation.

“Economically, a revocation or reversal can lead to consumer benefits, which can amount to up to 25% of the vehicle purchase price for diesel cars,” says lawyer Rugen. HAHN Rechtsanwälte offers consumers free reviews on the possibility of withdrawing vehicle financing from Mercedes-Benz Bank AG, BMW Bank GmbH, Volkswagen Bank GmbH or, for example, Santander Consumer Bank AG. The free initial consultation includes a forecast of the achievable benefits of a declared revocation.

Press contact:

Hahn Rechtsanwälte PartG mbB
RA Christian Rugen
Alter Steinweg 1
20459 Hamburg
Fon: + 49-40-3615720
Fax: + 49-40-361572361
Email: [email protected]

Original content by: Hahn Rechtsanwälte PartG mbB, broadcast by news aktuell