BMW want me to return the car

mrpoorman

Junior Member

Joined: Sep 2016

Posts: 23
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BMW want me to return the car

17th September 2016, 08:57:AM

I am in arrears with BMW Finance. They want to take the car which is fine but do I have any option to mitigate my losses?

The car is worth about £3-4k less than the settlement figure but it is on a PCP and is over the mileage allowance. They also want to charge me for collection and sales costs. I am quite far away from VT position.

Do I have any options at this stage or is it just a case of biting the bullet?

I am about to enter into a debt management plan with Step Change and I have another car so I do not want to carry on paying for this one anyway.
Attached Files

BMW.pdf (1.13 MB, 1 view)
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