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can i VT before I've paid 50%

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  • can i VT before I've paid 50%

    Hi folks,

    Just a newbie and i'm looking for some help with regards to VT 8 months into my contract with Mercedes Benz Finance.

    The down is, that my other half has had her hours cut at work as they can't justify her workload, therefore a massive drop in wages, which in turn was allowing the affordability of our car, with the payments now no longer affordable, where do i stand with VT on agreement.

    My payments were £304 pm
    car price was £20000
    Deposit was £3000

    Thanks for any help in advance
    Tags: None

  • #2
    Re: can i VT before I've paid 50%

    I'm sure you can ... but you'd be liable for payments up to the 50% mark. I'll tag [MENTION=71570]R0b[/MENTION] for confirmation tho' xx
    Debt is like any other trap, easy enough to get into, but hard enough to get out of.

    It doesn't matter where your journey begins, so long as you begin it...

    recte agens confido

    ~~~~~

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    • #3
      Re: can i VT before I've paid 50%

      Hello,

      As Kati has said, yes you can. As for your options I would suggest you read post #7 of the thread below.

      http://legalbeagles.info/forums/show...61-PcP-finance
      If you have a question about the voluntary termination process, please read this guide first, as it should have all the answers you need. Please do not hijack another person's thread as I will not respond to you
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      LEGAL DISCLAIMER
      Please be aware that this is a public forum and is therefore accessible to anyone. The content I post on this forum is not intended to be legal advice nor does it establish any client-lawyer type relationship between you and me. Therefore any use of my content is at your own risk and I cannot be held responsible in any way. It is always recommended that you seek independent legal advice.

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      • #4
        Re: can i VT before I've paid 50%

        Thanks @R0b xx
        Debt is like any other trap, easy enough to get into, but hard enough to get out of.

        It doesn't matter where your journey begins, so long as you begin it...

        recte agens confido

        ~~~~~

        Any advice I provide is given without liability, if you are unsure please seek professional legal guidance.

        I can be emailed if you need my help loading pictures/documents to your thread. My email address is Kati@legalbeagles.info
        But please include a link to your thread so I know who you are.

        Specialist advice can be sought via our sister site JustBeagle

        Comment

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