assuming you have not contacted your finance company for six years the debt should be statue barred meaning the finance company can no longer pursue you for the balance. simply contact them and ask them to either collect the car or remove their interest in it so you can scrap it.

And any arrears on the account at the time the VT is requested.

Use the settlement figure calculator below to get a rough idea of what your settlement figure should be. See if it's similar to what they provided you with. http://www.financecalcs.co.uk/Calcs/Settlement.php

Worst thing you can do it bury your head in the sand. Contact them and let them know. They may be able to help.

They have to allow a minimum of 14 days (18 if they sent it 2nd class) to allow the default notice to expire before they can take any action on your account. How long ago did you receive the default notice?

Did the dealer authorise the repair? Your post is vague on this and seems to suggest they only authorised a diagnotic. If the repair was done without the dealer's say so then they cannot be liable for any work done by BMW.

GAP will only pay the short fall between what the insurance pay and the outstanding balance. GAP won't pay if the insurance company doesn't pay. To answer the question in the OP, yes I'm afraid the charging order will still stand. Creditors winding up or changing ownership does not affect your liability. Also they may accept an offer to clear the debt but this will be done at their own discretion. Contact them, preferably in writing, and see what they say

Post #14 suggests the OP has had his/her notice of termination through the post.Surely we should be giving advice based on the information we have on each individual case rather than referring to other people's problems with a company. The argument in this thread is different to that one. Also that thread appears to have been left without conclusion. Perhaps we should wait on an outcome to that one before reffering to it as a means to beating Advantage.

The agreement has already been terminated. It can't be terminated again.

Should they collect the car you are very likely to still have an outstanding balance. They are looking to see how much you can afford to pay towards this outstanding balance.

Car supermarket are not liable for any repairs unless the problem was present at the point of sale. Get a report that proves the gearbox would have been faulty when purchased and car supermarket will have to do the repairs for you. If the problem was not present at the point of sale you will be liable for the repairs and any assistance car supermarket offers is as a gesture of goodwill. You are unlikely to see the £350+VAT again. You will be liable for this bill. Once again if car supermarket offer to pay this it will be as a goodwill gesture. Your garage are under no obligation to provide you with a courtesy car.

For this to have got to the stage where court action has been taken BH will have terminated the agreement. You will not be able to VT as you cannot ask to terminate an agreement that has already been terminated.

Yes. You agreed to pay them £12,000ish over 5 years and you are liable to do so regardless of whether you have the car or not.

There's nothing you can do I'm afraid. Under the terms of the VT you are liable for the arrears on the account. Black Horse are under no obligation to inform you of the point you have paid 50% of the agreement so you can VT.

If you want them to repossess the car then stop paying they'll come for it sooner or later. If you want to do it amicably and avoid the default on your credit file you can ask them to 'voluntary surrender' the vehicle. They will collect it, sell it at auction and you will be liable for the remaining balance. Alternatively you can 'voluntary terminate' the agreement. They will collect the car and leave you with an outstanding balance up to the 50% mark of the agreement. When you reach that point in the agreement the acount will be settled. Both VT and VS will help you avoid a default on your credit file. You will need to come to an arrangement with BH for the outstanding balance using either method. No they cannot reset a cancelled direct debit. Hope this helps.