Voluntary termination of PCP

Dudley06

I have had a Fiat Panda on PCP for nearly 3 years but want to return it as we think we can manage with just one car now. All seems well with the arrangements. The finance company have said that a note will be put on my credit record saying that I did a voluntary termination. I can't work out whether this is a bad thing and will affect my ability to get credit in future! Does anyone have advice? Thanks.

neilmcl

According to Experian it shouldn't affect your credit rating

http://www.experian.co.uk/consumer/questions/askjames229.html

Having said that I'd imagine that it might have an affect on future car finance applications if this is something they are interested in checking on.