Can I walk away from PCP yet?

bazzyb

LM3 wrote: »

Okay got my contract in front of me:

The total amount of credit: £13,994
Duration of credit agreement: 36 months
The total amount you will have to pay: £16,175.20
Cash Price: £15,994


Termination of rights:

You have the right to end this agreement. To do so, you should write to the person you make your payments to. You must of paid a total amount of £9,087.60

I think that settles it right!?

This suggests a £2,000 deposit and you stated you only paid £750. Does it give a full breakdown? Did you have a part exchange to trade in on top of your £750 deposit?

bazzyb

Also I doubt a contract would have grammatical errors such as how you've posted, so are you copying exactly what it says or is that your own interpretation?

boliston

also the quoted apr would be useful as a sanity check

debtdebt

OP is full of !!!!.

LM3

I will upload pictures now, cheers

LM3

debtdebt wrote: »

OP is full of !!!!.

Full of it!! Don't think so mate!

Look who has gone from hero to zero now...

LM3

Sorry MSE won't allow me to post pics and link as I'm a new user.

APR is 6.90%

It does mention:
"less cash deposit/part exchange (total advance payments): £2000"

However I only paid £750, could this be added to a dealer contribution!?

bazzyb

LM3 wrote: »

could this be added to a dealer contribution!?

I don't know, could it? Without trying to sound rude, you signed the agreement and you have sight of it. Drip feeding information doesn't help.

You should have the pre contract information, along with the regulated credit agreement. You should be able to see the full breakdown of what you have paid and what you are due to pay.

If you post all the information we can work everything out from there.

LM3

Just sent you one pic baz, will send you another one when mse allows me to

debtdebt

LM3 wrote: »

Full of it!! Don't think so mate!

Look who has gone from hero to zero now...

Sorry, I'm not the one who's trying to extricate themselves from a potentially financially crippling agreement which they don't even fully understand.