With BMW Contract Hire, you can enjoy stress-free driving. At the end of your agreement, we will write to you that your rental time will soon be over, and we will arrange the pickup of your BMW. Hello Stuart, thanks for coming back to me I made this agreement in January 2013 had handed the car for 6 months to them July 2013 gives the explanation « when returning the vehicle to us, we will get the net proceeds from the sale of the vehicle Deducing from unpaid balance » I have today estimated the car on the glass guide and the value of the dealership is US$5100 The « signed agreement » is only 2 pages none of which have borrowed a disclosure of the amount of the agreement, the full amount owed; Payment dates and amounts or miles or even information about the car or costs or mileage, the agreement has sections on safety /insurance of the car Missing payments – the account was not up to date Ombudsman FCA Section Right to the early disbursement section right in the 14-day termination sections You have the right to terminate this agreement, to do so you should ask the person who makes you pay for the goods, then be entitled to the return of the goods and half of the total amount to be paid under this agreement, which is $5931.18, if you have already paid at least that amount plus late payments and you have properly taken care of the goods that you do not need to pay other rest sections – your rights if you do not stand on your side on this side agreement, but you must pay at least one third of the total amount of this agreement, which is $3954.12, we cannot withdraw them against your application unless we receive a court injunction. If we accept them without your consent or a court order, you have the right to recover your money under this agreement The 2nd page is only info which indicates that I confirm accepting the information as part of this agreement and confidentiality information There is no information on the terms actually agreed, i.e. payment interest, etc. and if their statement indicates that they will deduct the net result of the sale, I can argue this point? Second, you cannot claim a reduction in the VT amount because your mileage is lower than expected. The VT amount is equal to 50% of the total amount to be paid in accordance with the agreement you signed, and this figure should be included in your financial contract. I recently made my VTd car – I wasn`t 50% okay and was making the final payment. I have a letter from them saying they would ask for that payment along with all the other questions at the inspection. There were no inspection problems — just a little mileage. If your financial situation seems wobbly, it is better to be determined and act at an early stage. If your situation collapses and you are no longer able to pay your bills, you may not be able to terminate your auto financing contract.