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VW PCP-Early settlement?

philng
philng Posts: 830 Forumite
Part of the Furniture 500 Posts Name Dropper Combo Breaker
Have agreed a purchase of a VW Polo for son with £1000 finance discount based on taking PCP finance. Intention is to early settle full PCP as early as practical after taking car-Dealer has mentioned you can do after a couple of months & one has said 6 months I guess due to retention of their commission?
What are the terms on this & is it possible to early setlle say after the first month & will I be stung for fees?

Comments

  • forgotmyname
    forgotmyname Posts: 32,946 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Fees will probably apply, But they may save you money overall.

    Check the paperwork you signed or phone to ask.
    Censorship Reigns Supreme in Troll City...

  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    As above, there are no standard terms, it depends on the PCP you signed.
    No free lunch, and no free laptop ;)
  • oscarward
    oscarward Posts: 904 Forumite
    Part of the Furniture 500 Posts Name Dropper Car Insurance Carver!
    It should be in the agreement T&Cs about early settlement and exit points.

    If it's anything like the last 2 PCPs I had you just ring the finance company and ask for a settlement figure, I actually settled over the phone with a debit card.
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