You actually said tax/Insurance I haven't cancelled the DD for the TAX just the insurance. What do I need to come back to them with? Sorry to be a pain, really struggling here. Thanks Kirsty

Good evening, Yes I am aware of the rules of of vehicles being left without insurance but wasn't sure where I stood as I cannot afford to keep it insured now. I had the following response from Advantage, what do I do now? Many thanks Kirsty ............................................................................................................................................................. Dear Kirsty, Please read the full contents of this email carefully. Further to your recent enquiry regarding the voluntary termination of your above numbered agreement, please find below important information outlining the required arrangements. Upon termination of the above agreement you will need to pay: 1. The outstanding arrears on your account (applicable if already paid 50% of the total amount payable) = £0 2. At least one half of the total amount payable as stated on your Hire Purchase Agreement. This sum takes into account payments you have already paid, any deposit you paid at the start of the agreement and any arrears not shown in (1) above = £3617.31 3. Any outs tanding collection charges = £48 The total you will need to pay under this section is £3665.31 If you purchased any insurance products, other than GAP insurance, at the same time as your motor finance and they have not already expired, they will be cancelled upon termination and a pro-rata refund will be applied to your account. In the case of GAP insurance the policy will be cancelled upon the termination of the agreement and a pro-rata refund will be applied, which will mean that no further sums will be payable (other than arrears) in respect of the policy. Any other outstanding sums (e.g. payments for expired policies and/or any overdue installments) will remain payable under the terms of your insurance agreement. In order to settle the insurance element of your agreement and claim any rebate to which you are entitled, you need to pay the amount set out below. This will also ensure that you have no further liability under the insurance element of the contract. The amount required to do this is £0 Less Rebate £0 Total amount payable under this section £0 Condition of Goods The goods must be returned in a condition commensurate with their age and mileage, both mechanically and cosmetically. Should the goods not be in this condition when returned you will be required to pay to us the amount required to return the goods to such condition. This amount will be in addition to any sums detailed above (please refer to the terms and conditions of your Hire Purchase Agreement). Our definition of good repair and condition is that the vehicle must: Require minimal refurbishment to be ready for resale Have a current MOT certificate or require little or no work for the issue of a new certificate Be free from mechanical or body damage Be in its original paintwork, trim and specification (as at the time of purchase) If you are in any doubt as to the condition of the vehicle, you may choose to obtain an independant report from an organisation such as the RAC or AA to confirm the above. The goods must be returned to us within 21 days of this email to complete the Voluntary Termination. In order to obtain details of our nearest agent to you please contact us on 01472 570610. Alternatively, we can arrange for the goods to be collected from your address. An upfront fee of £80.00 will be payable for this. We look forward to hearing from you. Yours sincerely, Advantage Finance Ltd. Hi, Many thanks for this super advice, I have just used the template and emailed that across to them. I have cancelled the insurance and tax now on the vehicle is that the correct way forward? So it is sat on the roadside outside my house which I am feeling abit anxious about. Again thankyou for the advice and I will pop any updates on this thread as and when. Really appreciate you taking the time to respond. Kirsty

Hi, Many thanks for this super advice, I have just used the template and emailed that across to them. I have cancelled the insurance and tax now on the vehicle is that the correct way forward? So it is sat on the roadside outside my house which I am feeling abit anxious about. Again thankyou for the advice and I will pop any updates on this thread as and when. Really appreciate you taking the time to respond. Kirsty

Hi all, I could do with a bit of advice please. In November 2018 I took finance out on a car with Advantage finance. Unfortunately our circumstances have changed dramatically in that time and we can no longer afford to run the vehicle. We have been in contact with Payplan and they have gone through our finances and the only logical way forward for us out of a bit of a mess is to Voluntarily terminate the agreement and give the car back. The figures are below, I know they can be very pushy and I have never been in this position before so wondering how I approach this? I am not great with numbers either :( ANY advice on how I move forward from this would be gratefully appreciated! Kirsty