That is half the total amount payable. I checked the finance agreement and that is the value stated in the VT section of the agreement. I didn't half the vehicle cost with the values above.
With Excess mileage which i dont think i will have, do i just ignore them. What happens if the refuse to take the car until i pay any possible excess mileage?
Good good, as you have found out it's there in the small section about VT. That's a good route to go down as it wipes out any negative equity you're in and essentially works out like a lease for the period you've had the car.
Get on google and have a good search for 'VT damage', 'VT excess miles', especially the links on MoneysavingExpert (MSE) or on legal beagles forum. Lots of good info out there.
The GF is having her picked up next week and it's been off the road, with our process going:
1. Call Audi and ask how close to 50% figure she was.
2. Audi realise what for and say when do you want to VT.
3. She pays the difference to get to 50% level (if kept until accrued naturally in a few months then it would be due first MOT and a major service).
4. Audi sends through confirmation of VT and lists info about damage and BVRLA guidelines.
5. BCA auction call to confirm inspection date and pickup.
6. Come and pickup at some point, then you argue about damage/excess mileage.
Note: They might send you a pack of documents to sign to confirm VT. DON'T SIGN THESE, it's essentially a mini new contract where you agree to pay for damages and pickup of the car. Your obligation under CCA is purely to notify them of VT in writing and pay the 50%. That's it.
Note: They might try and force you to pay pickup fee for the car or try other tricks to get you drop off car at auction. It's all rubbish. Once you've payed 50% and notified them off VT by writing then that is the VT confirmed and your obligations complete. Once confirmed then sign the V5C over to the name of the finance company on DVLA website, aka change of owner. tax will cancel itself, then you cancel your insurance at an appropriate point.
Note: BVRLA guidelines are for lease cars, not PCP/HP being VT'd and the CCA has clauses in section 99 and 100 about once you've paid 50% your liability is limited to that under law as long as you have taken 'reasonable care'. If they charge you for fixes from anal BVRLA guidelines then technically car will be in better than reasonable condition, plus you have no contract with them anymore as any terms in your finance agreement become void once you've declared to them your VT'ing and paid the 50% level. They will likely try and sting you for damage, but you can argue it and might have to fight them with court etc if they become bar stewards and put a default on your account for not paying damage etc.
I'll let you know how it all goes when they inspect it.
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