Car4Life / Vida Cars - in administration

If anyone is in this program (like I was), please be aware it has been placed into voluntary administration.

A great shame because it had paid my car finance on time for the past 10 months or so.

Below is what I put into another thread:

I've just spoken with the receiver.

The directors called in the administrators on Friday, as was previously stated. There will be something going out in the post tonight from the administrators to all members of the scheme, which should be filled in and returned. This should be received in the morning.

No payments will be continuing. Once the administrators have had time to delve into funds and liabilities etc, they will have a clearer picture of the situation.

Last time something like this happened to me (a previous employer going down), it took over 5 years to get any money back from the administrators so don't hold out for much in the short-term!

The receiver can be reached on 0121 236 6001.