VT letter sent 20.3.2020 to close motor finance.

[TINY TOTS]

hi rob.
I sent a vt letter on 20.3.2020 they have received it. I was due to get new tryes on and an mot today but the garage has now closed down due to the corona virus which I understand... im waiting for them to call me to arrange collection although I did say if the auction was in Birmingham I would try to deliver myself... now I feel the car will be with me for sometime but I was wondering where do I stand as far as the direct debit that is due to leave my account on the 1st april ?? please help. many thanks in advance!

[R0b]

I think some reasonableness under current circumstances should be given on your part, but equally I don't think it is reasonable for them to force you to keep the car for a long period of time. At the end of the day, it is their car and as long as you have it in your possession you are obligated to look after - clearly you should want to discharge that obligation as soon as possible. Consider asking them what they are planning to do to pick up the car, and if it the car is to be within your possession for a lengthy period of time then suggest you will agree provided they pay for reasonable costs of storage.

As for your direct debit, if you've terminated the agreement why haven't you cancelled it? Unless of course you want to give them free money and assuming you have hit the 50% threshold.

[TINY TOTS]

thanks rob youre a superstar!! ive managed to arrange an m.o.t and two new tyres for tomorrow (fingers crossed) and yes I am £3000 over the 50% mark.
I will cancel the direct debit today. I was just worried about my credit score *

[Bane]

you'll have to maintain it as all the garages are closed.

[TINY TOTS]

R0b just an update recieved email saying dont know when they can pick the car up. But have asked for me to keep the insurance on it am I obliged to do this as it could be sitting for months. Thanks r0b

[TINY TOTS]

r0b* hi there just an update I have recieved email asked to keep insurance on car until they pick it up this could be a while yet as they are not collecting at the moment. Please advise

[TINY TOTS]

R0b hi rob just an update I have tryes fitted and m.o.t done. the asset recovery team have emailed me yesterday saying they are not collecting vehicles at the moment but have highlighted that I keep it insured! I pay £149.00 a month please advise*

[R0b]

R0b hi rob just an update I have tryes fitted and m.o.t done. the asset recovery team have emailed me yesterday saying they are not collecting vehicles at the moment but have highlighted that I keep it insured! I pay £149.00 a month please advise

Not your problem. The contract has been cancelled so there is no legal obligation to maintain insurance. All liabiltiy and ownership passes, it's their job to make sure it has the right insurance and tax, not you.