Advice needed on ending HP agreement with Mercedes Benz

[Pignbroke]

Hi there, setup a new business last year which has not worked out and i have a van on HP with Mercedes, i am only 8 months in to a 60 month plan, the 50% figure is £15175, what do i have to do to action this and when they have the vehicle back and they sell it either through their dealership or auction house does the money raised from that go towards the settlement figure above?

Anyhelp is very much appreciated.

Brian

[Pignbroke]

Re: Advice needed on ending HP agreement with Mercedes Benz

Hi all, desperate for some information if possible, had my letter back from Mercedes today saying that the shortfall on the VT is £6447.94 which looks about right, the vehicle is a 14 plate Mercedes Vito with a resale value between 11 and 13k, does any of the money raised at the sale of the vehicle go towards my shortfall figure?

Would really appreciate any advice on this

Thanks