Thanks very much for these replies. That's what i was hoping to hear. The position I am is not great due to your negative equity, but I feel I am making financial sense to VT the car as I'd be throwing good money after bad otherwise.
I presume approaching these agreements with a deposit always helps prevent these agreements from land sliding into negative equity so fast? Because otherwise I would have just traded the car in against another car and avoided a negative equity load or clearing it with my deposit.