Vt a car with a warning light

[tezza1980999]

Hi I have a range rover on hp finance with black horse. The car is now not worth even 3k but I owe much more than that on finance and with the new diesel tax its cheaper for me to get into a new pcp. However the car has a warning light for suspension, I took the car for investigation and turns out it has a few problem that would cost in excess of 7k to fix. I would like to vt as I have paid 50% the car is drivable and drives well, the suspension still goes up and down am I allowed to vt with this issue?

[R0b]

There isn't anything stopped you from carrying out a VT because that's your legal right.

That said, it would be sensible to mention in your VT letter that a warning light has appeared relating to the suspension so they can't argue they were caught by surprise.

I would also expect BH to pursue you for damages and allege that you failed to reasonably take care of the car. I guess that's a moot point because whilst you are required to take reasonable care whilst it is in your possession, if the repairs have been necessary because of natural wear and tear, then it might be open to you to argue that you aren't liable to pay any damages because up until that point you did take reasonable care of the car mechanically - I am assuming you did.

If the contract terms also say you aren't liable for wear and tear you could point to that as your get out of jail card and say the reason why you terminated was because the cost of repair outweighed the cost of termination and your reasons for termination does not mean you failed to take reasonable care, rather the car is not worth continuing with.