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  • FIRST POST
    • justry4n
    • By justry4n 11th Feb 18, 6:09 PM
    • 33Posts
    • 53Thanks
    justry4n
    Pulling out of a PCP?
    • #1
    • 11th Feb 18, 6:09 PM
    Pulling out of a PCP? 11th Feb 18 at 6:09 PM
    Hi there,
    So, I placed a deposit, and agreed to a PCP finance on a new Mercedes A Class, it has been delivered to the show room, but, my circumstances have changed which means I will have to pay large amounts to keep my recently passed away Mother's estate, so not in a situation to be taking on 300pcm finance.

    I'm assuming I will just lose my deposit on the car, or is it worst? What are my rights in this situation?
Page 1
    • motorguy
    • By motorguy 11th Feb 18, 6:18 PM
    • 16,202 Posts
    • 9,422 Thanks
    motorguy
    • #2
    • 11th Feb 18, 6:18 PM
    • #2
    • 11th Feb 18, 6:18 PM
    Hi there,
    So, I placed a deposit, and agreed to a PCP finance on a new Mercedes A Class, it has been delivered to the show room, but, my circumstances have changed which means I will have to pay large amounts to keep my recently passed away Mother's estate, so not in a situation to be taking on 300pcm finance.

    I'm assuming I will just lose my deposit on the car, or is it worst? What are my rights in this situation?
    Originally posted by justry4n
    Firstly, sorry for your loss.

    I would explain the circumstances, and as you say they're not obliged to return your deposit. They could in theory pursue you for any consequential loss over and above that, but i doubt they will
    You are not special. You are not a beautiful and unique snowflake.
    • justry4n
    • By justry4n 11th Feb 18, 7:08 PM
    • 33 Posts
    • 53 Thanks
    justry4n
    • #3
    • 11th Feb 18, 7:08 PM
    • #3
    • 11th Feb 18, 7:08 PM
    Thank you. I'm hoping they will understand my circumstances.. can't really afford to lose anymore than the deposit.
    • neilmcl
    • By neilmcl 11th Feb 18, 7:13 PM
    • 10,520 Posts
    • 7,416 Thanks
    neilmcl
    • #4
    • 11th Feb 18, 7:13 PM
    • #4
    • 11th Feb 18, 7:13 PM
    Was this a factory build order, has the car been registered yet?
    • motorguy
    • By motorguy 11th Feb 18, 7:26 PM
    • 16,202 Posts
    • 9,422 Thanks
    motorguy
    • #5
    • 11th Feb 18, 7:26 PM
    • #5
    • 11th Feb 18, 7:26 PM
    Thank you. I'm hoping they will understand my circumstances.. can't really afford to lose anymore than the deposit.
    Originally posted by justry4n
    I am sure they will be fine. Let the know as soon as possible.

    Wont be the first time its happened and i am sure it wont be the last.
    You are not special. You are not a beautiful and unique snowflake.
    • justry4n
    • By justry4n 11th Feb 18, 7:37 PM
    • 33 Posts
    • 53 Thanks
    justry4n
    • #6
    • 11th Feb 18, 7:37 PM
    • #6
    • 11th Feb 18, 7:37 PM
    Yes, factory order and no, the car hasn't been registered yet
    • Keep pedalling
    • By Keep pedalling 11th Feb 18, 7:51 PM
    • 4,523 Posts
    • 4,956 Thanks
    Keep pedalling
    • #7
    • 11th Feb 18, 7:51 PM
    • #7
    • 11th Feb 18, 7:51 PM
    If you have just inherited your mothers estate, why have your expenses gone up? The estate pays any costs involved with winding it up not the beneficiaries or the executor.
    • neilmcl
    • By neilmcl 11th Feb 18, 8:10 PM
    • 10,520 Posts
    • 7,416 Thanks
    neilmcl
    • #8
    • 11th Feb 18, 8:10 PM
    • #8
    • 11th Feb 18, 8:10 PM
    Yes, factory order and no, the car hasn't been registered yet
    Originally posted by justry4n
    In that case I think you maybe looking at losing the thick edge of your deposit, is it a large amount?

    The PCP side you don't have to worry as I assume you haven't signed the agreement yet, and you'd have 14 days to cancel even if you had.
    • AnotherJoe
    • By AnotherJoe 11th Feb 18, 9:08 PM
    • 8,229 Posts
    • 8,956 Thanks
    AnotherJoe
    • #9
    • 11th Feb 18, 9:08 PM
    • #9
    • 11th Feb 18, 9:08 PM
    My commiserations on your mother's death, but as you have inherited her estate aren't you better off, not worse ?
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