Showing results for tags 'hire'.
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Hi all, brand new user here. I searched the forums and didn't seem to find anything relating to my question (or if I did, I just wanted a little clarification). I am well over 50% of my way through a contract hire agreement with Arval on an Audi A4. (approx 21 months into a 3 year contract). I am winding up my Sole Trader business and have come to realise that having this car is just going to kill me per month (£420) now that the business isn't paying for it. So my questions are: Do the CCA Sections 99 and 100 of the CCA 1974 apply to a sole trader who entered a contract hire agreement. If not, what's the best case scenario that I can possibly expect to happen if I can afford to terminate early and pay (I can't). Do they really take the car back, auction it and make you pay the difference if it doesn't reach book price? Thanks for reading if you got this far....
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