Originally Posted by Frobius
As far as I know yeah, vt affects your credit rating as you're deemed to have been unable to meet the original terms of the agreement.
Wrong. No it doesn't affect your credit rating as it is written into the finance agreement. As it doesn't appear on your credit history, it wont be a factor when applying for credit from elsewhere, but BMW Finance will be unlikely to offer finance to you again as finance companies don't like people taking advantage of this option