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Can I V T a HP Agreement (Unregulated) under our LTD company name?

Home Forums Blogs Can I V T a HP Agreement (Unregulated) under our LTD company name?

This topic contains 1 reply, has 1 voice, and was last updated by Stuart Masson Stuart Masson 1 year, 2 months ago.

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  • #131503 Reply
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    Michael Green

    I took out a HP Agreement (unregulated) with VW Financial services over a 48 month period (ends in September) although my Ltd company is now struggling to make ends meet and I have no money coming in so cannot afford to pay next months rental. Please could you advise what my rights are regarding voluntary termination. The car is in reasonable condition and is just within the permitted mileage. It is a second car and we have a Mini to use now so need to move the VW Golf quickly as we are financially in trouble. Would this be the best option for me?
    I look forward to hearing from you.

    Best regards,
    Michael Green.
    Laughlines Ltd.

  • #131525 Reply
    Stuart Masson
    Stuart Masson
    Keymaster

    Hi Michael. If your finance contract has a clause in it regarding voluntary termination then you should be able to VT the car. If there is nothing in your contract about VT, you probably can’t do it.

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