I assume you are talking about HP. You would need to read the T&Cs but if the vehicle is less than 3 years old would it need an MOT in the normal world?

Just over half way through 60 month term with all payments up to date and over 50% paid back.

Do I need to return the car with an MOT?

The car is in excellent condition.

Yes it’s hp.

There is no mention of the car requiring an mot to vt.

The car is over 3 years old and has a valid taxi inspection certificate hence the reason I have it needed to have it mot’d

I didn't know you could do this until recently

I am writing to notify you that I am exercising my right to terminate the above agreement under Section 99 of the Consumer Credit Act 1974.

I understand that I will owe you for the amount calculated under the formula in Section 100 of the Consumer Credit Act 1974.

If you decide to terminate your agreement voluntarily and hand back the goods to the creditor, you should only have to pay up to half of the total amount payable under the agreement, minus sums that you have paid. You will also have to pay any sums that are due. Sums that you have paid include any deposit plus the instalments that you have paid. Sums due are any arrears or missed payments due at the time of termination.

Just over half way through 60 month term with all payments up to date and over 50% paid back.

Do I need to return the car with an MOT?

The car is in excellent condition.

It will need an MOT once it is no longer being used as a licensed vehicle. One other thing, when a vehicle is returned under such termsand conditions, the vehicle will be sold at auction. Now if it is in good condition it may sell for more money than is actually owed. The HP company will have to pass this extra on to you. If it doesn't sell for as much as you owe then that is their problem and not yours. A few years ago we had Suzuki Carry 1.3 that we bought on HP. when we didn't need it anymore we returned it and a few weeks later we got a cheque for £770 from the sale at auction.

I’ll book an mot just in case, would still be interesting to know if law requires it.

For those who have went down this route before did you ring the finance company or send a letter?