Definately, I know I'm completely in the clear because I have a letter from them stating clearly that I have reached the half way payment and therefore owe no further money. It's hilarious really. The irony is, my initial worry was that they'd try to make up fake car repair claims etc. But all I'm going to do now, is await the letter confirming sale and what ever they reckon my 'shortfall' is, then reply with a letter stating that I owe them nothing, including a copy of the letter they sent me confirming this, and that I expect this to be the end of the matter. At this point they can also no longer claim any further costs for any spurious repairs as they have sold the car and therefore by default accepted that the car was in reasonable condition for age and mileage. I'd advise anyone VT'ing at half distance to keep hold of the letter they send you confirming that you have reached half way and owe no further costs. Always keep a paper trail, I even have access to record of every one of the payments made to them too. Park Finance will apparantly try everything to get as much as they can out of you, the important thing is that your aware of your terms and conditions and rights that apply when your VT'ing at half way.

Hi there, That sounds like an insane amount hassle! I've just recently done the same and the car has been dropped off at the BCA in manchester, who we're sure they'd just be selling the car and informed me of a huge of amount of Park Finance cars coming through at the moment. I had only one call and email with the agent, Mr Scull. He called after I wrote to inform them that returning the car to either Newport or Newcastle, both in excess of a 100 miles away, was not acceptable! Since they received the car, I have just taken receipt of a letter stating I have a short fall of £5,400, however I VT'd at half way and also have a letter from them acknowledging that I have not only reached half way, but it also states in writing that I am not liable for anything more than reasonable wear and tear. Currently, I have yet to respond to this letter as they inform me I will receive a letter confirming the short fall after sale of the car! I'm unsure what action to take at the moment. My payments have been stopped and I have receipt of my last payment. I'm taking this letter as a scare tactic and possible inducation into your process at the moment. I'd be interested to hear more about your story, and equally anyones advice on this letter I've received with a shortfall, after receiving a letter stating I have no short fall! I will now always be wary of what finance companies I'm with, I've been fortunate with the advice I've already received helping me battle them, but I know of many who have not been as fortunate!

Hi there, in regards to Park Motor Finance does anyone happen to know exactly what's in their contract regarding Rights To Terminate and what the clauses are? I was looking through mine last night and although it's of slightly pants quality anyway, it appears that I don't have the 'over leaf' page it refers to where I should be able to find the Rights To Terminate information. Which is a ball ache because I don't know how easy it would be to get hold of a new copy now given their current situation. I have also noticed, however that I have been totally screwed over by Car Craft but due to my own mistake I have just become aware of it. The car was sold to me at a discount of around £1200 off the window price partly to do with an online price discount I had which they agree'd to. However It's just become apparant to me looking through my finance docs, that the price they pushed through to Park Finance on my final agreement was the old non discounted screen price! Which is extremely sneaky! However just short of 2 years on I conceed theirs nothing I can do about that now. Word of warning, be very warely of Car Craft and don't skimp on reviewing every document extremely closely during the process. I was however a little young and naive and being my first decent car rushed things abit.