Hi, I purchased a car last December using Advantage Finance. I'm up to date on the payments, but lost my job at the beginning of this month. I was employed by my own Ltd company, which lost it's main client and as a result I had no choice but to make myself unemployed. The next payment is due on the 26th of this month (next Wednesday). I'm aware that being in arrears can cause a problem in this situation I need to decide fairly quickly if I need to arrange to hand the car back or to keep it and try to work through the problem. I'm an IT Contractor. It's possible that I may be back in work very shortly, but a former colleague in the same field as me has been out of work for nearly a year. I'm hopeful that I can get some work soon but I need to be prepared for any long term issues. Although there is an image that people in IT are high earning, the realism is that I was earning only just enough to support my family so I didn't get a chance to put any money away. If the car has to be handed back or gets repossessed, my brother has kindly agreed to lend me his car until I can afford a 2nd hand one. So transport won't be an issue for the next few months. I'm aware that I can't VT the vehicle as it's not at the halfway point. However, looking at the figures, the VT figure is £5436, the one third figure is £3624. I've paid £436 plus 8 payments of £286.49 so £2727 has been paid. What would be my best course of action in the circumstances? Should I tell them to just pick the car up and work out an arrangement to pay whatever the remaining figure is, or would it be better to speak to them about possibly arranging to pay the missed monthly payment over the next 2-3 months? What I don't want to do is find myself in arrears and then try to negotiate - I understand the fact I'm up to date at the moment may work in my favour. To add to the mix - as my company has effectively ceased trading it's likely it will be compulsorily liquidated. As a result as I have an overdrawn Director's Loan that I will be liable for it's possible I may be made bankrupt or forced into an IVA - if Advantage Finance do start to get nasty I can just let it happen rather than spend years paying for a car I don't have (the original plan was to negotiate with the Official Receiver).