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Hi, wondering if anyone can advise me on the following please?
So i'm considering going down the VT route, as my car is really expensive to run (on top of the finance repayments) - i purchased in June 2017
However im not sure if VT will apply to me or not? Reason being is that i have hire purchase with additional loan (the repayment taken as 1 single monthly amount) with motonovo - i had a look on their website on the VT section and it was a bit vague tbh, it only referred to HP only.
For info my HP credit was approx £11k and the personal loan was approx £4k.
Im 32% repaid (i know i need to be at least 50% - which should be around the end of summer - but im just weighing up my options at this point).
In addition i have another HP agreement with motonovo on another vehicle (this was taken out for a relative, in Dec 2018 who is making repayments and is happy with their car and no plans to VT or anything) - so my second query is if i VT my car would motonovo try to come after the other car?
thanks in advance :-)
So i'm considering going down the VT route, as my car is really expensive to run (on top of the finance repayments) - i purchased in June 2017
However im not sure if VT will apply to me or not? Reason being is that i have hire purchase with additional loan (the repayment taken as 1 single monthly amount) with motonovo - i had a look on their website on the VT section and it was a bit vague tbh, it only referred to HP only.
For info my HP credit was approx £11k and the personal loan was approx £4k.
Im 32% repaid (i know i need to be at least 50% - which should be around the end of summer - but im just weighing up my options at this point).
In addition i have another HP agreement with motonovo on another vehicle (this was taken out for a relative, in Dec 2018 who is making repayments and is happy with their car and no plans to VT or anything) - so my second query is if i VT my car would motonovo try to come after the other car?
thanks in advance :-)
