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Pulling out of a PCP?
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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?
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?
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Comments
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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?
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 will0 -
Thank you. I'm hoping they will understand my circumstances.. can't really afford to lose anymore than the deposit.0
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Was this a factory build order, has the car been registered yet?0
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Yes, factory order and no, the car hasn't been registered yet0
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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.0
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Yes, factory order and no, the car hasn't been registered yet
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.0 -
My commiserations on your mother's death, but as you have inherited her estate aren't you better off, not worse ?0
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