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VW Financial Services 'Preferential Early Termination'. Does anybody have any experience in this?

BudgetandScarper · 2018-03-29 14:05:24

Hi all, 18 months ago I took up a contract hire agreement with VW Financial Services for a Seat Leon FR with a big 2.0 litre engine. Payments were agreed at £273 per month for a total of 48 months. I'm now 18 months in and my insurance is still £1700 annually (I'm 23, 4 years of driving & NCB, clean driving record). To…

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Nobbie1967 Posts: 1,667 Forumite

30 March 2018 at 12:52PM

Sounds to me like you'll end up paying the depreciation on two new cars rather than one. When you get the figures, it would be worth looking to see if you'll actually be saving any money by doing this, it may be less £££ per month, but it will probably commit you to paying that for a lot longer.

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