Can I walk away from PCP yet?

LM3

debtdebt wrote: »

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.

Seeing as its not you, don't worry then and don't ever say someone is full of....

MataNui

Deposit, PX and dealer contribution all come off the total. PCP deals are typically financed to ensure that magic 50% is only met near the end of the term anyway. So if its a 36 month payment schedule expect the 50% to be met somewhere from month 30 onwards.

LandyAndy

LM3 wrote: »

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!?

It certainly settles whether you can copy something that is in front of you.;)

Oakdene

khcomp wrote: »

You shouldn't have to pay anything else unless you've exceeded the contract mileage (check your contract) and that the car is in good condition.

I exceeded my total contract mileage by 9k when I handed mine back but Toyota financial services didnt charge me a penny when I VT'd