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I currently have car finance with Advantage car finance. I can no longer keep up the payments due to severe personal circumstances. Now rather than just defaulting on the payments i would prefer to voluntarily terminate the agreement and surrender the vehicle. Then manage the outstanding amount after they have repossed the car. Can anyone please advice on how i should approach this as i am terribly embarssed and do not cope well with telephone conversations and a confrontation with a collection man would be too much to cope with - TIA

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Vou must vt not vs!!

 

If you type in advantage vt in the red search Cag

There are examples here already

 

How far in are you

When is your next payment due


please don't hit Quote...just type we know what we said earlier..

 

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You need to use this letter you MUST VT under s99/100 cca 1974

 

You can VT at any time but let's see the figures first

 

 

VOLUNTARY TERMINATION OF AGREEMENT

 

Account No: (CAR MAKE/MODEL/REGISTRATION NO.)

 

I am/we are writing to notify you that I am/we are exercising my/our right to terminate the above Agreement under Section 99 of the consumer crediticon Act 1974. You will understand that the aforementioned section permits the debtor to terminate the agreement at any time before the last payment is due. There is no restriction regarding the exercising this statutory right, particularly none in respect of any perceived arrears or monies due on termination

 

I/we understand that I shall/we will be liable to you for the amount calculated under the formula in Section 100 of the Consumer Credit Act 1974. Please forward notice of any sums lawfully due for consideration and payment.

 

The above agreement will be terminated 14 days from the date of this notice.

(28 days if you pay below 1500 pa)

Please send me/us details of how the vehicle can be returned to you.

Yours etc

 

You will be aware that statute prevents you from levying a charge for the recovery of this vehicle. Guidelines also state that if you require me to deliver this vehicle, it must be no more than a short (reasonable distance) from my registered address.

 

Please confirm receipt of this request by telephone/fax to me/us on (your telephone number or fax number), or via email at (your email address).


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Vou must vt not vs!!

 

If you type in advantage vt in the red search Cag

There are examples here already

 

How far in are you

When is your next payment due

 

I'm only 6 months in next payment due 3rd February. Thank u for the info and reply I'll search for the other threads

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You need to use this letter you MUST VT under s99/100 cca 1974

 

You can VT at any time but let's see the figures first

 

 

VOLUNTARY TERMINATION OF AGREEMENT

 

Account No: (CAR MAKE/MODEL/REGISTRATION NO.)

 

I am/we are writing to notify you that I am/we are exercising my/our right to terminate the above Agreement under Section 99 of the consumer crediticon Act 1974. You will understand that the aforementioned section permits the debtor to terminate the agreement at any time before the last payment is due. There is no restriction regarding the exercising this statutory right, particularly none in respect of any perceived arrears or monies due on termination

 

I/we understand that I shall/we will be liable to you for the amount calculated under the formula in Section 100 of the Consumer Credit Act 1974. Please forward notice of any sums lawfully due for consideration and payment.

 

The above agreement will be terminated 14 days from the date of this notice.

(28 days if you pay below 1500 pa)

Please send me/us details of how the vehicle can be returned to you.

Yours etc

 

You will be aware that statute prevents you from levying a charge for the recovery of this vehicle. Guidelines also state that if you require me to deliver this vehicle, it must be no more than a short (reasonable distance) from my registered address.

 

Please confirm receipt of this request by telephone/fax to me/us on (your telephone number or fax number), or via email at (your email address).

 

Thank you so much this means so much to me I feel like a weight has been lifted off my shoulders. To take the time to offer so much information is extremely kind. Again thank you

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Take loads of photos of everything

Even the underside and engine

 

They will try and get you on repairs they have to do

 

Its a spoof to make money

 

Got any silly insurance s too

Gap breakdown warranty PPI?


please don't hit Quote...just type we know what we said earlier..

 

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