Toyota Car Finance Voluntary Termination

[Roostermoans]

Hi there, just looking a few pointers.

I'm at the halfway point where I can VT the car. I'm within their guidelines set forth in my finance agreement - I've paid half the money, I'm within the mileage allowance, the car is in reasonable condition for itws age and miles. I'm just undecided on 2 points.

1. I phoned toyota about VTing my car. They emailed me a letter to sign and a pdf explaining reasonable wear and tear of the vehicle. Their letter to sign seems reasonable enough, however I've read a lot on the Internet about SIGNING NOTHING, just send them a template. Is this a good idea? Or should I just sign the one they emailed me.

2. If I decide to send my own letter (and don't sign theirs), should I immediately cancel the direct debit? If not immediately, when is a good time to cancel it?

Thanks in advance for any help,

Colin.

[ostell]

There is a template VT letter somewhere on this forum. There is no necessity to sign theirs, as it may try to limit matters.

You cancel the direct debit when you are sure they have received your letter (within reason).